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RE: SPS Governance Proposal - Convert Unused DAO Token Holdings into SPS

in #spsproposal2 years ago

If you have a better suggestion, make a proposal! I'd love to read it. I agree that DEC to peg is the priority, but I don't think the DAO can really solve that problem with its limited resources. I've stated my case for why I think the DAO accumulating SPS this way makes the most sense to avoid market manipulation and allow others to make proposals before the tokens are gone.

The buy pressure wouldn't be that serious and it's not enough to maintain a price point on its own compared to how much we are printing. To be clear this proposal has nothing to do with price stabilization of SPS, it's just a very opportune time for the DAO to accumulate imo. If people agree, the DAO will do so, if they don't it wont happen. I'm not going to have hard feelings either way, but we need to stop doing nothing and if nothing else, we've got the conversation going now!