I don't think this will make SPS run. Nor do I think it will do much either way. I definitely don't think its a miracle solution for getting more buyers than sellers.
If you don't think that it would do much either way, then why vote to support it? Would you not feel more confident with the DAO holding a stable coin. 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. In this particular case, I can't open my wallet, and I want to ensure that others come to the realisation that a proposal like this would more than likely, in spite of all my passion for this game see me walk through those exit doors never to return again.
I'd still post on HIVE and hold my SPS, because I believe in SPS and Splinterlands, but I can't stand to see something I love so much hurt itself in so many potentially crippling ways.
Apologies if I seem manic or hyperbolic about this particular issue, but I do not know how to express myself in any clearer terms regarding my fervent passion for this game to succeed.
When SPS first dropped and the air drop was announced, my reaction was "here begins the best four years of my life". Now, about 2.5 years into this, I think "Look what they have done to my boy" in the vein of the Godfather.
and love your last quote. I realize you are concerned and you have good reasons to be. But at the same time I think "your boy" will get through this and be STRONGER as a result of going through it!
I can't wait to revisit this conversation in 5 years. I think we will have it because I believe we survive. Then we will look back and realized everything we went through were things that made us great together (the good and the bad)!
One thing that Aggy said on a recent town hall kinda haunts me "its my job to make those who leave regret it as much as possible".
I've left once before. I sold two full Alpha sets, you read my previous post, you know. I didn't regret then. I think that I wouldn't regret now, either; especially when a sale of my collection would put in a mortgage free position at the age of 35.
In real life I am a financial advisor. My main function is to make sure people are "comfortable" in what they have invested in. If they have too much then they panic on any drops, if they have too little then they FOMO unreasonably into any upticks.
I try to explain to them that if you are comfortable then you can invest your capital based on your conviction and have much less fear. Fear and Greed are two emotions that drive most investment decisions and they are the biggest reasons why people lose.
Conversely, if they can manage their own minds by making sure they are comfortable with the risk/reward then they can be much stronger and improve their chances considerably.
I tell you this because I think you are in the mode where you are going back and forth in your mind. That is almost always a sign in my experience that you should evaluate truly what you think.
What happens if we go to $0? How will you feel with what you have on the line?
What if we go to the moon again? How will you feel if you sell some (or all)?
When you look down and evaluate, and look up and evaluate, then you can make good decisions. Most people only look one way.
After doing that, then make a plan. How much do you want if it moons and how much can you stomach if it tanks and fails?
As I told you in the previous convos, you are a good guy @holoz0r and I want you to be successful. That means you are happy with the outcome either way. I want you to be part of the community because I believe you are part of the community (no matter what you do with your assets). How many assets you have is not relevant to me, just the fact that you are here!!! :)
Much love to you my friend
I think the way you are looking at it is great. I look at it the same way,
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.
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.