As a former member of the LBI-GOV team before it was dissolved, I think something like this should be taken to a vote for the holders. I'd also like to see some kind of Gov team created again if LBI is going to "spin back up". Part of the draw of the token was the fact that it was a DAC and as holder we got to have a say in how things were going to be run. Unfortunately, it became pretty obvious that most people didn't care, they just wanted the dividends, but some of us did. I'm not opposed to pulling the outside investments back to Hive, but I don't think SIM or SPS are the best options. SPS is effectively dead (for now) thanks to the move to GLINT and no real idea of when the next piece of the roadmap will be accomplished. Based on past history though I would expect years not months. Is SIM that DCITY token? I'd suggest BXT or PWR as an alternative. Perhaps even ZING, I feel like that has more potential right now than SIM or SPS. I'm 100% on board with EDS or DBOND/DAB. Even LIOTES to some degree. I have a decent stake in LBI, so I'd like to see it succeed.
I definitely agree that a vote is needed to approve this change. I am working on a detailed post with my plans - a new whitepaper (for want of a better term) for LBI. I feel a token holder vote based on that plan would be appropriate. I am wary of holding votes and governance stuff for every step along the way. DAO's are tricky, I think they are great in theory, but do they work in practice? SPS DAO seems to be a big contributing factor to SPS's current issues (from the perspective of someone not very involved in it).
Anyway, regardless of how this all goes, There are a lot of big LBI token holders that have not voiced an opinion on any of this yet.
As to the specific investments, nothing is set in stone yet. I am a fan of BXT and PWR, some EDS and DAB are in my thinking for sure. SIM is DCITY, but it is a much better investment than many people realize. There is other stuff I'm looking at, and working on a structure to build in growth plus income.
Thanks for your input, and I'm definitely looking forward to working out the path forward for LBI if the token holders would like me to.
Thanks for replying! This all sounds good to me. I agree, some of the stuff with the SPS DAO gets a bit tedious at times. Maybe you create some kind of threshold in the new "whitepaper" that lays out what is just a general operation decision and what is vote worthy. After talking to SSUK and reading your post and comments, I am on board with anything that gives LBI a future.