Getting DEC to Peg! Again!
Getting DEC to Peg! Again!
I don't know how many of you have seen the movie Tropic Thunder (2008). I don't really recommend you watch it. It is sort of a spoof movie. However, the trailer shown as a trailer introducing the main characters is simply hilarious! Please have a look below, and tell me if this remind you in any way the efforts we are putting to get DEC to peg :)
In the sixth installment of the Scorcher franchise, the one man who made a difference five times before, is about to make a difference again. Only this time, it’s different. Here we go again. Again.
Just like Scorcher II through V, we tried to do this over and over again (without success) and this time we are going to try it again! Only, this time it will be different! In Scorcher VI! Again! How amazing!
The Latest Effort: Proposal #29
Looks like it will be the upcoming Proposal #29. I know, I have written about it already here. But, hey, they have edited and added new points to the proposal! So here we go, yes, yet again!
The author have added couple examples in the beginning on what will happen if the proposal is implimented. Also, most importantly, added later the killer point in bold!
Less DEC in circulation --> closer to peg --> closer to flywheel effect --> closer to burning SPS for DEC (ultimate goal) --> higher SPS value --> more earnings for everyone!
More earning for EVERYONE!
Who can say NO to that?!! Yes, it is always getting closer.....and closer.....wait for it...yes closer still....very close now....almost there! Are we there yet? No!
As if the most important thing in Splinterlands tokenomics is getting DEC to peg.
It's NOT!
Why? Because, getting DEC to peg is one thing (and it is rather hard), but keeping it there is something else (it will be harder!). So this elusive and mythical 'flywheel' that we talk about, may or may not happen. But wait! People will tell me, "are you stupid or something?!....there is LAND!"
Yes, boo boo; there is land. I know. I have read. There will be staking of cards which will require staking of DEC, so that will take lots of cards away from supply and yes will need a lot of DEC out of supply too! Yes, nice in theory.
What if people say, "I ain't staking cards!" Or, "I ain't staking all that is needed!"
Very simple thing to say. In fact I personally will say one of that for sure.
Please tell me, where is your flywheel now? LOL!
Not to mention, there is always people in need to money. Hard cash/fiat! Yes, the thing that buys you food. People in need will always sell DEC or SPS or whatever that they get at whatever price. That is the nature of the need. Please tell me, where is your flywheel now?
So sorry, boo boo, Land will not solve world hunger. I am sorry to say it, but this time it ain't different.
Monopoly
First disclaimer. I use peakmonsters. I love their service. I respect Jarvie and Asgarth. They are both gentlemen. I am writing this post on PeakD, which is the best writing tool on hive. However, still I have a few things to say about PKM below.
There is question of potential monopoly by PKM. They are in support of this proposal and pushing it hard. Yes, the edited proposal shows, they were getting 5 DEC (hypothetical 100 DEC sale scenario) before, now they will get 2 DEC. So you say, they will take a hit just like the other guys. Yes. True. But it doesn't say, for years they have collected 5 DEC and given nothing back to the consumer. While the other guys did!
Wait! Wait! You say what about PKM token? Sorry boo boo, that is worthless. It doesn't translate to 60% cashback, of the 5% affiliated commision that SPL provided, for years. That is what some of the other guys gave us over years. Where is our loyalty? Lots of small players without voice enjoyed the cashback and still do.
Proposal #29 if implemented, hurts PKM's competition more than PKM. Yes they do get hive DHF support. No they do not get it for Peakmonsters or PeakD. But this is not a misdirection. The same developers get it for other projects. My point is their livelihood is supported by hive DHF for years. The livelihood of PKM's competitors are not supported by anything else, other that just affiliated earning.
Look folks. I do not have any vested interested in PKM or Proposal #29 or their competition. I am an individual and these are my opinion. As edited, I would not be voting for the proposal #29. I don't think this effort is worthwhile to get DEC to peg. I do not think this will make me or any player rich. The timing of this is off. The only thing it can potentially do is to help PKM. That is all that I am saying.
Proposal #29 will not provide more earning for everyone
Whoever saying this is purely speculating.
Please consider voting NO to this proposal.
Wait a minute... You don't recommend Tropic Thunder!?! It's a classic must see!
Lol! One of my absolute favorite!! Just don't know in modern times how people enjoy this type of movies. People are so politically correct these days!!
It's a fair point. I don't know if they would be making ones like that now!!
Yes, lot of the original fun is therefore gone now.
I am going to watch this now before bed, Classic Movie :)
Excellent! You won't be disappointed:)
It totally is, I might watch it too!
Hey AZ, I read your article and I'm paying attention.
I have been trying to get the three main 3rd party providers to find a compromise they can all support and endorse. I believe they are close to a compromise between the 3 of them, but they now need to work with cryptoeater and see if they can meet his objectives as well.
Of course in addition to what these 4 guys come up with, will be how the community views the solution. (and also the SPL team might want to weigh in as well)
This is a very complex issue that will affect many in the community. There are pros and cons from everyone's perspective. And those are not always aligned.
I do have faith in the process though. I feel the fact that we need 66.67% to pass in the proposal stage means it will either meet the needs of the community or it will not pass.
I appreciate your efforts to fight for what you think is important, it shows you care. And that's in the end how we make this whole process work!!!
I agree Dave. As the opinions change I have to respond to discuss the other points of view. I have full trust on the process
If I read this correctly, you're very against this proposal on behalf of other 3rd party providers... but as far as I can tell no one has heard from the 3rd party providers, and no one knows if they have a problem with it? Or if they agree with the proposal?
Lots of people heard from 3rd party providers. They just don’t write posts on hive. Lots of discussion and “compromise” happening at discord :)
I am of the opinion we simply don’t need it
I came only for the Tropic Thunder discussion. One of the the best non Ironman movies since Ironman was released. It was a spoof movie, but the quality of it is better then lots of movies nowadays. Definitely worth the watch and rewatch, if not just to see good ol Tom Cruise dancing at the end. That image is forever burned into my brain.....
Absolutely my favorite! If I say they don’t make them like that anymore I will show my age so I won’t!
I love re-watching that whenever it pops on TV unexpectedly. They can't really make them like this anymore, if not it will get slaughtered on social media. Some of the stuff they say in the movie, if you post that right now, people would get so triggered. Just that trailer you shared would go viral for all the wrong reasons....
Couldn't agree more on the Tom Cruise cameo... love those big fake hands he got for the role. Truly epic stuff there!
How about we get rid of leaderboard DEC rewards being "new DEC", and do the following with DEC:
2% to Market Fees for SPL Running the API / Market
1% to the Buy Market
1% to the Sell Market
1% To the imaginary, proposed "Leaderboard Reward Pool", distributed as follows:
In addition, abolish the ability for cards to be listed with less than a 5% market fee.
Pros: No New DEC generated
Cons: Potentially different rewards each season
In summary, for each 1 DEC of market fee:
0.2 to Bronze Until Full
0.2 to Silver Until Full
0.2 to Gold Until Full
0.2 to Diamond Until Full
0.2 to Champ (uncapped)
In the event that there is not enough DEC generated by market fees to fill for the reward pools, SPS is burned to obtain the DEC. DOn't know where that SPS could come from, maybe from the allocation for battle rewards?
Oh boy! Sounds like an another proposal. Sorry not now please!
Play to Earn models ain't sustainable.
In the long run, a game must always be about having fun. This is why so many die-hard gaming communities out there oppose NFTs...
I've left SplinterLands just in time before the big dump in prices last year. Let's always hope for the best of this and every other Hive community. Good luck
We think that Monopolization is most definitely not a good thing within this Eco System, it is nice to see that Third Party Platforms will work together on this however as long as it is beneficial to the Community. Thank you Azircon for standing up for the "Little People". Through retention it allows the Community to Grow, through Monopolization, people will find more solace through P2P Transactions.
Love this movie, funny for all the wrong reasons. Can't make em like this anymore!
Just to play devil's advocate though, if someone is a big holder of PKM token, then this would be a good prop to vote YES to grow their bags.
Fwiw, I've never used any of the other 3rd party systems for the cash back functions. I try to buy direct p2p or use PKM. I don't know hive nearly as well as you Azircon, but the way I think of it - I use PKM to bid/buy cards as a show of support for all the work done by PeakD for the community in general. Clearly I could get it cheaper somewhere else, but it isn't always just about the lowest price, but rather supporting the company or community you value most.
Yes, great movie!
I am really confused about this proposal. I am confused on why Jarvie is supporting it. I do not think it will do any real good. As I explained my vote will be NO.
Hello sir @azircon I saw you downvoting me again may I know why? Last time you did it I thought it was a misunderstanding but you doing this again to me. 😢
I love gentlemen too so please be one to me 😊
Shohana, please stop creating new alts and spam the blockchain. We have good developers to track these things. Its rather easy. Okay?
Thank you.
Its a misunderstanding and you are not doing right to me. Maybe I'm not the one who is suffering from this. I'm not going to explain more to someone who don't trust me. Thanks btw!
I think I'm also interested in watching. and understand it. how are you friends @azircon
I am eager to know that why you didn't recommend the movie? It's all time classic and classic is a piece which can be enjoyed and appreciated all over the world.
Upvoted. ReBlogged.
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Glad you are sharing a different point of view. Like a dApp white paper, every proposal should be read, re-read and discussed before voting. The participants jumping in without looking might find their assets tied up in a company store or a possible unreasonable position to use them. Thanks for sharing your research and findings. We need to hear more questioning voices amongst the crowd!