I think changes are good when you realized you made a mistake. However...
I don't think you made a mistake on either Nodes or Riftwatchers. They are set up in a way to create a flywheel effect when things go up. I believe you did it correctly the original way.
Just because the prices are down right now because:
- we are going through a crypto bear market
- we had a lot of money go to new projects lately, which inevitably came from other assets (like DEC and SPS)
doesn't mean you should abandon the great mechanism you already built. They were and ARE FANTASTIC.
Credibility is important and while I know people will vote on this, I hope you take the time to read the comments here on both these posts and in the Discord channels. People are upset and worried when it appears like they are being asked to "sacrifice for the greater good".
That's exactly what many of the RW buyers are thinking. That's what the node buyers are thinking.
As a large SPS holder, I am thinking this change is seriously diluting the impact of the flywheel that was one of the biggest reasons to buy and HODL SPS. I don't think of SPS as $0.10 or even $0.25, I think it could be worth $10, $20, or even $100 per token one day. But to do that, we need these flywheels where we essentially buy-back our stock. I thought it was genius at the time you did it, and I still think its genius today.
I will be open to what the Devs say on the next AMA, but please realize that many of us loved what you built with v1 of these 2 programs.
Yes I though the SPS tranche pricing system was brilliant!! It should definitely stay!
Well said! I have made my vote and this does sum up my reasons for the way I voted.
!PIZZA
the problem with the flywheel effect is that we currently have way too much inflation. One chance to actually fix this is by bringing the DEC price over its peg which would burn massive amounts of SPS.
The inflation is intentional and necessary, and is actually the planned token distribution. We're about halfway through distribution. Look ahead a few years to when there is ZERO new SPS being minted... the faster we get there the better off the economy will be.