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RE: Reaction to SPS DAO Proposal, "SPS Governance Proposal - Sell 2B DEC-B for DEC or Vouchers."

in Ladies of Hive • last year

Finally had some clarity on what DEC-B is and how it is used in Splinterlands. I read a few mixed reactions on this. It sounds like a good solution to lessening the supply of DEC in the market if I understood it correctly.

!LADY

last year in Ladies of Hive by
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     last year  

    Yes, you understood it perfectly. I think part of the confusion was:

    1. Originally, the DEC-B was a token that can be sold and traded. They changed it to a non-transferrable "token" after a poll or something,
      2, I think a lot of people misunderstood that since DEC-B is a "token", they though that if you buy DEC > DEC-B, then there's just another supply of DEC-B meaning you just added another token that would circulate in the future. They didn't understood that once DEC-B was used, it was burned and not going to become a DEC or DEC-B.

    So, yes, the use of DEC-B will reduce the DEC in the market for some amount. I also think they should do this regularly because every week, they produce new DEC via rewards from the top 20 upwards from bronze to champion. That DEC stacks up in the market and circulate. I think there should be a way of burning those things. Maybe instead of DEC rewards, change it to Credits, the in-game reward that doesn't circulate in the market.

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       last year  

      Thank you for this further explanation. Will be interesting to see how this would impact the price of DEC in the future.

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         last year  

        No problem. Thank you for always visiting my posts.

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          !LUV !PIZZA

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