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RE: DAO Proposal: Swap DAO BUSD and USDC/T For DEC

in Splinterlandslast year

The only thing this proposal does is devalue the Dao which we need to be as healthy as possible down the road once sps stops being distributed. This is a quick gimmick in the "peg at all costs" approach. This will only serve to be exit liquidity for the ones who bought dec far below its current rate. Why are we so hell bent to get to peg at all costs? Haven't we been told over and over about how much land and other things will "soak up dec". I just don't understand the logic behind this besides a method to extract value from the Dao. It's a no from me for sure. Get dec to peg organically, not by gutting everything and anything. If you care about the future of this eco system, I hope you can see the long term detrimental effects this could potentially have.

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well the dec to peg at any cost attitude will remain anyway we will not be able to change that. what we can decide now though is whether the dao will now do its part or whether it will be forced by us in some unnatural way.

i mean just look at yaba's suggestion of how much dec we should burn to be able to use our soulbound cards on land. what do you think how much more of such things the game can take. until splinterlands dies completely and the dao is worth nothing anyway?