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RE: Update Market Fee to Include 2% to Burn

in #spsproposal2 years ago (edited)
  1. 1% is negligible to the user, but it is not negligible to the burn that it deserves the fee increase? 1% is 1%, it is the same for everyone and it is NOT a negligible amount. Less DEC is not strictly equal to DEC more valuable, the value of DEC comes from demand, which is just not there at the moment.

  2. It affects new players as they try to switch cards, sell some they barely use anymore to buy new ones. As soon as you buy a card, even though the seller is the one who payed 6%, your asset is ALWAYS worth less 6% than what you payed, since you WILL have to pay those 6% as well to sell it. Every asset always worth less 5% than the market price.

  3. You can't compare the most popular NFT blockchain/platform (BY MILES) during the hype of a BULL market to this, and even then Yodins/Kitties/Lammas were selling for 1000$+ in Splinterlands at the time with a fraction of the hype ETH NFTs had. The high fees are the reason there are NOT much more people involved in ETH NFTs (especially gas fees), it's precisely the opposite. ETH NFTs are dominated by whales and are NOT for the "common joe". Splinterlands is a game, we want everyone to participate, the more the merrier.

  4. DEC alone will not increase the price of cards by much more than 1.05% out of nowhere, at least not until hype comes back to the game.. Doesn't matter how much you "force burn" it.

I know I'm being quite annoying and I am sorry for it, but I've yet to see a single explanation on why the fee increase would ever be good besides burning more DEC. All I see is "DEC burn good, DEC value up", which is far from the truth otherwise a token like SHIB would be exploding in value since they burned almost half the supply. WE are the ones paying for that burn, so we are the ones losing whatever it gains.

If you can convince me otherwise I'd gladly accept defeat, but I just don't see it, nor from you, nor from anyone who is supporting this. Everyone just mentions burning is good, but no one mentions why essentially burning 1% of OUR assets and having worse fees is good.