Voted for in the the last proposal, will not vote for this as now I'm straight up losing 1% instead of giving 2% to myself as a part of DAO. Would vote for it if the free would stay at 5%.
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Voted for in the the last proposal, will not vote for this as now I'm straight up losing 1% instead of giving 2% to myself as a part of DAO. Would vote for it if the free would stay at 5%.
Me too. Man what's with another proposal to take another 1% of my assets from me ffs. Nerf silver rewards, nerf gold rewarsds, nerf energy, nerf reward cards to they are soulbound, now nerf my sales too? I'm about $3k down as it is but if I sell I still have to pay more fees? Leave it at 5%! And the justification of getting DEC to peg is just asinine and I'm so sick of hearing it cited for all manner of changes that ultimately lead to ordinary players getting less value. It's pretty much impossible to get it to peg without it being backed by the dollar. It's price is determined by market forces and will continue to be so, this will be one thing that pushes DEC higher, sure, but its just taking it out of our pockets and it won't stay at any specific price anyway because random numbers of people are as usual going to continue buying and selling random amounts of it at random times every day, week month etc.
Thanks for the response. To clarify, burning DECs is akin to increased ownership.
For example, if you have 1% of DECs, and then 50% is burned, you will now have 2%.
However, I can understand if you only own SPS, moving it to the DAO could be considered to be more beneficial especially in the short term as DECs are out of circulation (thus increasing the need to burn SPS), but also within the DAO so by staking SPS you have some level of control over it. However, once a DAO votes to spend it, the DECs are either back in circulation or burned. If it's back in circulation, the need to burn SPS is again gone and if the DECs are burned, it's effectively the same as this proposal.