Hi Clay, I want to support this, but have questions.
Of our holdings, why sell ETH?
Why buy USDC?
I may be a bit of a bitcoin maximalist but I feel we should always own at least one whole bitcoin, so why not do that first?
As a general rule, owning alts with unlimited mints is rarely a good thing, so why not incorporate that into the assessment of which tokens to hold?
If you have a better idea, go make a proposal. As to why, we spend stables and we're nearly out. We have ETH which there is support to sell. We do not have support to pass a proposal to sell any splinterlands assets.
well, my idea is buy at least one bitcoin lol, given we need some stables this seems a good idea in principle but do we really need over one million usdc?
Considering the current situation we find ourselves in, I think it would be prudent to have as much funds locked up as possible. We already dicked around and let tens of millions of dollars turn into like 2 over the course of the last bear market. I get bombarded with all of these random ideas but people don't seem to really take the time to flesh them out.
How do you want the DAO to hold BTC? What buy targets do you want? How do we sell the BTC next time the market is crashing down around us? (I'd hope we don't do like last time and just watch it all evaporate...) Like I said, if you have a better idea and can clearly articulate it, go make the proposal. I'm not going to say you can't do that, but I am going to say "buy a bitcoin" isn't a valid proposal.
Well, as you don't seem keen on the idea, I doubt there is much point at this time, although I would have thought it prudent.
Not sure what you mean by how do i want the dao to hold it, unless you mean in a multisig wallet, which seems wise.
I would say buy 1 bitcoin now asap if asked, and think it is great financial advice (not financial advice, lol), and hodl the hell out of it.
Going back to this, if you think it is a good move, I think we have to respect that judgement.