You are viewing a single comment's thread from:

RE: Revamp Market Fees to Include 2% DAO Royalty

in #spsproposallast year

What happens when the DAO flushes a huge sum of DEC into the market, when the over 66% approve a huge purchase? This won't be good for the price of DEC, and everyone will be able to front run it because of knowing if the vote passes or not.

Sort:  

You are right, this won't be good for the price of DEC and I think it is rather obvious, so I don't think it will ever reach the 66% approval to simply sell DECs on market. If a proposal like that ever passes, I think the game would have other problems worth worrying about more haha

On the other hand, a proposal to simply burn the DECs held by the DAO is much more likely to pass (and I will personally vote for it)

Seems like it would be stronger for the proposal to just burn the DEC rather than put it in the DAO.
Is that correct or did I misunderstand your response and/or the proposal?

By distributing it to the DAO, we give the community flexibility to do what they feel is best, which includes simply burning it if that's what the community wants