No mate, this rant is good and hit the nail well. I don't envy Splinterlands trying to juggle the balls, it's tough to run a crypto game, look at the history of failures.
They have done an admirable job so far, but for one.. Chaos Legion was over-printed. I hear murmurings in Mavs about burning some of them. Good idea, or not?
Until at least on of these expansions is OOP, there will be no raise in value. I noticed recently that Untamed singles can now be bought at a fraction of the cost. I don't know where to go with all this, keep increasing my stake or pulling out some.
To be fair, SPS is relatively stable at 7c or so. A far cry from the 60c is used to be. Do we just wait out the bear? So many questions..
Yeah, SPS is finally stable and that's great but will it be in a few days when they start pumping out millions into the pockets of land holders and tower defense holders? The big holders are also large node holders who are already drowning in SPS. So I'm imagining many will sell a bunch of the SPS just like they did in the airdrop and that will likely destabilize the price again. Because everything is treated like its separate but it's not.
I've seen so many people talk about how getting SPS into the hands of landholders is finally rewarding them but what will probably happen is the value of SPS will drop faster than they can collect more and the value of their account will end up dropping. That's not rewarding and I don't know why no one sees that.
The post I've been trying to write in my spare time is how new asssets in Splinterlands is basically the same as a stock split. It's a non event that we keep getting excited about until we see again that nothing came of it.
I'd love to see some burning of CL cards but its crazy to think that it should fall on the players. There are still over half the packs sitting unopened or unsold. We haven't even seen half the inventory from CL yet and its already flooded. I can't imagine how many cards would need to be burned to make a dent.
Still though, I keep holding and even buying more. I still believe in the team and game but man is it hard sometimes. They continue to think that more more more is the way to growth and its the reason the game isn't really growing. But as you said, to sell out in a bear market makes little sense.We've seen how much the team has built. There aren't many better bets out there for when the bull market restarts. However, I will be looking seriously at the exit if we get another pump like last year.
Did you see this...
They do listen.. sometimes.
Well they should listen...
haha I'm guessing he got a few earfuls are splitnerfest and couldn't just punt the question like at an AMA. 🤣