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RE: DAO Proposal: Swap DAO BUSD and USDC/T For DEC

in Splinterlands2 years ago (edited)

I think the way you are looking at it is great. I look at it the same way,

The way I often (perhaps mistakenly) look at the DAO is to understand my percentage of stake in the DAO in the form of staked SPS as a form of "ownership" of the assets in the DAO.

I then consider that if this were the money in my very own back pocket, would I be comfortable contributing those funds to that specific DAO proposal.

Re: If you don't think that it would do much either way, then why vote to support it?

As I said above, there are 3 small positives: 1) increase psychology, 2) improve education, and 3) take $500k worth of DEC out of circulation. And I really don't buy any of the negatives I've seen, its a drop in the bucket to the overall size of the game.

Re: Would you not feel more confident with the DAO holding a stable coin.

No. My faith is in the @yabapmatt @aggroed and the community. Whether the DAO has a few extra dollars in it is irrelevant to the overall big picture. If the game doesn't work out, then it fails and I lose my money is my thinking. I have millions of dollars worth of value in the game, and this is worrying about maybe $1000 worth max. So its truly not significant to me. One day I think it will be, but not yet.

Having said that, I do think the goal should be to increase the value of the DAO. And I do look at it exactly like you do in terms of me owning a slice. I just think that you protect yourself and diversify when things are going crazy to the upside, and you take chances and consolidate your position on the downsides. IE buy low, sell high. If we follow this mentality, then I'm excited for the possibilities for our future.

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I've done what I can to make my "Please vote no" be heard. I'll close on the point that its 1:21 AM here, and I need sleep to be able to function coherently.

I appreciate your level headedness in the face of my passion for this.

 2 years ago  Reveal Comment