I like this proposal for two very important reasons.
First, the DAO should always be working to give staked SPS value.
- SPS stakers provide stability and give up liquidity to make the whole ecosystem more stable (and thus more valuable).
- The entire community benefits when SPS is "in-demand" and thus appreciates in value over time. People are attracted to an appreciating asset.
- The ultimate value of the SPS will be determined by players wanting to own and/or stake SPS. So the more the DAO can support giving value to SPS stakers, the better.
Conclusion: This proposal rewards SPS stakers.
Second, the discussion of the DAO and its role in the future is important.
- The DAO is a very new concept to many people and there are a lot of misperceptions. Clearing up anything that is unclear will help to stop FUD (fear, uncertainty, doubt) which lowers the value of the whole game.
- The DAO is nothing more than a group of assets that are owned by all SPS holders, but controlled and managed by the those that have staked those assets to be able to vote.
- The DAO must have 66% of the voting stakeholders approval, plus a minimum participation. This ensures the "will of the community" since nearly 2 out of 3 votes must be to approve.
- The DAO could vote to do anything if approved. Ideas such as giving out assets in a dividend, making deals with the DEV team, buying and holding cards, staking assets to earn, paying outside DEVs to develop special projects, or even doing a marketing deal to bring in more players are possible.
- In summary, the DAO is an entity that's sole focus is to 1) gain asset value for the DAO and 2) to distribute the DAO assets in a way that creates the most value for its stakeholders (SPS). The DAO voters should care about the the whole ecosystem surviving and thriving, because ultimately that's what drives the most value over time.
Conclusion: This proposal will do a lot to help people understand the role of the DAO.
I see a lot of points already in this post about what people would like to see, changes that could be made, and essentially new ideas of how things can be done. All of them are good because it creates discussion, and discussion brings forth ideas.
Whether this particular proposal meets your individual expectations is certainly up to each person, but I myself will vote for it because I believe it is smart for the DAO to find ways to reward SPS stakers. I believe this will encourage MORE PLAYERS to want to own and stake MORE SPS over time. This is just one proposal, but the power of the concept can be repeated many times in many ways.
I'm super happy we are getting started and thanks to everyone that supports this whole project called Splinterlands! :)
I see what you are saying but it is nowhere near 2/3 voters it's about how much sps the voter has so if 10 people have 1 million and say yes and 2000 people have 333 thousand the 10 people win over the 2000 people because they have over 66% of the vote when 1 sps is 1 vote. So, is that actually the majority of the community? No, it is not so that's where the issue is, the voting caters to the Whales and not the community as a whole. It should be every person is one vote or ten votes, I don't know, but the way voting is set up is unfair and actually does not give many people a sense of community.
The vote is 93% for this at this time, so its far more that 66%.
Regarding the way the voting works, that's how its designed. In theory the people with the most money in the DAO (and likely the game) have the most to lose by having a bad proposal. I think you are underestimating the "whales" here.
I know in my case, I want to see many players come to the game, play it, and be excited about it. So that's how I vote. I'm sure that's how many vote too.
But I do agree there might be a few large whales that only think short term, and thus we will not have a perfect utopia. That's actually rectified by more players keeping more of their SPS and voting against the short term thinkers.
While it might be nice if we could have a world where every person could have a say no matter what stake they have in things, I think there would be many pitfalls to that system too. I don't want to debate macro political or economic concepts here, but in my opinion this system is pretty strong and makes me want to not only hold my SPS, but makes me want more.
ps... that makes YOUR SPS more valuable when me and other players do that
I like that I put a lot of my money on the line and have a lot to gain (or lose) by the game succeeding. And I 100% agree that the game should listen to the players and do their best to make sure all stakeholders are happy.
Hey @bcarolan639 that's a lot of information and I don't have time to address it all. But I will say a few things. One I hope you get your health better as that is always the most important thing. Another is I own both SPS and GLX and happy to own them both. I do think one will outperform the other, but I don't really get in the weeds too much and try to figure out which will do better.
Finally I can tell you are an "idea guy" that is very creative. You have some interesting ideas and solutions to issues we face and I think you should definitely pursue the ones that most make you passionate. I don't have tons of answers in some areas, but I can tell you have given this great thought.
I'd give you a suggestion of breaking down your ideas into more compact and separate topics so that they are easier to understand. In other words, you cover a lot of ground on many topics and many ideas, so it obvious that you have a lot of good things to say, and I think its good for you to also be heard. Most people can only digest one idea at a time, so that's why I suggest this to you. I respect your thinking and would like to see you follow up on your ideas too!