Dave, you're a stalwart of the community and I respect you for giving it to me straight & not pulling any punches. :-)
A couple things here:
I don't want a major exchange listing because I want exit liquidity. I live in a place where Binance isn't even allowed; I couldn't pass KYC on it if I wanted to. My SPS is going to remain safely staked and in liquidity pools for years to come. I suspect most big whales are diamond hands at this point, and I have faith they will not take advantage in that way. If any do sell out, well, better to flush them out sooner rather than later anyway.
We need to focus on the investment side of the game just as much as the game side of the game. There's nothing inherently wrong with that. The game should offer a little something for everyone. Gamers should have a fun, engaging, solid game to play. But an investment mindset is also welcome. People can stake tokens, rent out their SPS, earn passively from Land, etc. We've got the best of both worlds, and getting on a top tier exchange is a natural extension of that.
I don't expect to convince you though. You just go on being you, Dave, we're lucky to have you!
I live in Houston Texas. Binance is illegal here, however I can still sell all my assets by other means. Not saying I will do it.
Point is listing at what cost? 2M ? 3?
That is selling SPS DAO holds at market. What if market doesn't have the appetite to absorb it? What kind of investment decision is that?
Again getting back to "investing". I have done more investing than most professional money managers do in their entire life, so when you say investment side of the game I say, it is not our job. I like Splinterland company to do some good investment decisions.
1st I miss you in discord <3
2nd Go Houston Texas <3
3rd Respectfully we cant have it both ways where we(the sps holders) control the game(like the bot ban in modern) but then expect an already cash strapped company to shell out 2 mil for a listing.
Also we all know SPL is a top 200 project EASY. We have far better devs and community members than most of the top 200 so whats stopping us? Well all but a handful are on those 2 major exchanges... If you add KuCoin I couldnt find a single top 200 project that wasnt on 1 of the 3.
Thank you for the kind words. I am always here and always watching. It's not that easy to get rid of me ;)
That said, I don't think game makers, SL company can afford the $2M for listing today or in 6 months. That's my point.
But if you or others think DAO can afford it, you would be right. However, I am a practical guy, I know who the stakeholders are and how will they vote. I am telling you this doesn't have the votes to pass
Thank you for the compliment @soy-misterioso :)
I addressed my issues deeper below in michaelb's comment, but I will comment on your two points briefly.
On number 1, I think you will be very surprised at how many players with diamond hands will sell into something they feel is not natural. Its human nature. People can live with things as they are and have "hope" for the future, but if you give them an artificial pumped up price then quite a few will rethink their investment if you change the dynamic by 3x, 5x or even 10x.
Put another way, all of the issues that people are salty about will still exist, like land too slow, leaderboards, bots, etc etc etc. The only difference is people would be much closer to a price they planned on. I'm quite confident the better the result of the pump, the more destabilizing it would be to those diamond hands.
On number 2, I'm all for creating opportunities for investors too. I'm not upset about the implications for the gamers. I'm concerned this will create an artificial situation that will lead to the displacement of long term holders and replaced by short term crypto flippers and a whole new cycle of bagholders.
While this would be great for those that sell, I don't think it would be a great atmosphere soon after the pump gets its hangover. This would be worse than the last time it pumped because most of us still around didn't exit. I believe anything artificial and it will have the opposite reaction this time.
I appreciate the kind words and know you mean well. I also think this might pass even though I hope it doesn't. If it does though, I won't run around and be salty or anything, and in fact I will do quite well personally.
I will simply be disappointed because I feel we are making a big mistake and I believe that once its done it will take many years to undo, and possibly lead to even worse outcomes if things don't go as expected. I think the risk of this going forward is much higher than just the $2.5m from the DAO.
Again thanks for the civil conversation and I appreciate your desire to make things happen (even if we disagree on them).