so, to be clear, this vote is to make splinterlands markets less efficient, making splinterlands assets less liquid and valuable. and the primary justification is that it will help remove DEC from circulation and get us closer to the flywheel?
this proposal just seems flawed from the get go.
imagine this proposal just said "everyone has to donate X DEC to the DAO, so we can get closer to the flywheel effect"
the function of forcing this to happen, just happens to serve the purpose of obfuscating what is really happening, while making markets less efficient, and splinterlands assets less valuable to purchase.
I suppose there is the value that there is only a 1 percent decrease in efficiency of the market, while there is 2 percent going to the DAO, and in theory we all kind of have some say about how the DAO spends its assets. but that isn't a reason to do it, that is just a mitigation of the harm.
I'm not much of a whale or anything, so i dont move the needle a whole bunch, but i'm thrilled to vote against this proposal. maybe this is more attractive to whales whose marketplace fees are insignificant compared to the amount of influence they have over the DAO or something.
there are better ways to encourage DEC consumption, that dont hurt the community and splinterlands assets so much.
Almost every NFT project on ETH using OpenSea has a creator royalty, this is what the DAO royalty is trying to replicate. Most projects on Opensea have a 2.5% to 7.5% creator fee plus 2.5% marketplace fee, which means users are paying anywhere between 5 to 10% just in fees, not including the high gas fees on ETH.
Despite these "inefficiencies", Opensea is currently generating hundreds of millions of dollars volume per month, and in the billions per month over the bull market. The Runi collection is currently at 5% creator fee which means sellers pay 7.5%.
I personally think this market fee revamp is long overdue, the company or DAO should be getting something for all market transactions but it is not fair to marketplaces to simply take away their revenue, hence the split between players and marketplaces. Even at current low market volumes, this proposal will earn the DAO over 1 million DECs per day. If you prefer to see the DECs in the DAO burned, I am happy to raise a proposal every now and then to simply burn all DECs in the DAO and let the community decide.
so your argument is we should give up our advantage over eth? 😤