and it would be great if that were possible but its not with this proposal. Adding a bunch of decb to a pool of too much dec doesn't fix anything. And vouchers are only fixed if there's then a reason to have vouchers. Otherwise, the 40k per day oversupply (and the bigger problem of concentration of ownership in these vouchers) doesn't change. Even if they all get burned (meaning almost no dec gets burned) vouchers will still have all the same problems and they'll be back at a few cents within a week. Meanwhile, there's will be more burnable dec than we started with.
You are viewing a single comment's thread from:
I totally get your point and agree, overall.
But let me speculate a little bit.
Right now market cap for VOUCHER is around 500k$ and for DEC is 3.5M$. There are 150k plot trading at 118$ each.. so roughly land plots have a 17M$ market cap. We can assume each land owner will have to spend 50% of plot value in buildings and upgrades.. and that 50% of that will be burned tokens (total speculation here, just to have a hint of the order of magnitude involved). There are out there millions of $ of potential sinks.
I think DEC-B is all about timing. Sinks will be available during 2023 but if economy twists earlier is better for everyone.
I think some sink will require VOUCHER and other DEC. So i would have preferred introducing DEC-B and VOUCHER-B... keeping stuffs separated. But people don't want new tokens.. so I understand this semplifacation and aggregation.
But this won't twist anything. Dec will not go up in value. Land will soak up a lot of dec but between now and then, there will be more DEC like tokens out there, not less. And there will still be a ton of actual dec. How would that increase the value?
In order for something like this to work, they need to increase the number drastically. Make it so big that it burns almost all the DEC. Don't leave 5.5 billion on the market and expect it to not be sold into heavily as soon as it gets above .90 again.
Yeah probably first DECB sale will soak up all vouchers and all DEC of hodlers, not affecting prices so much. But from what I heard there will be more sales after that