You are viewing a single comment's thread from:

RE: SPS Governance Proposal: Swap BUSD/USDT For DEC

in Splinterlands8 months ago

Another reason to vote no is the fact that the DAO buying DEC to try and start the flywheel will only make everyone that bought cheap DEC to dump on the DAO and the DAO paying too much for DEC until we run out of those 286k$ then the price will fall again since there is still no new sink in place until land, TD, new guild building, boss fight etc. are created and fully implemented.

Doing so right now would be a drop in the ocean to try and manipulate the market on DEC while potentially having no other effect that make sure everyone with extra DEC read to flip will go and dump on the DAO

So for that reason as well, I'll be voting no