RE: SPS Proposal - SPS.DAO should stake an additional 28,000,000 SPS for a total of 30,000,000 SPS
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Since the Dao has full control over SPS, is such a proposal really needed?
Couldn't the Dao issue more SPS or create additional funding sources? And if that is the case, isn't this essentially just a proposal to decrease stake rewards for existing SPS stakers?
If the Dao did not have power over SPS, then I might be more amenable to the Dao wanting to acquire more funds but since the Dao could just pass other proposals to deal with funding or SPS, I'm not sure if this proposal is really that useful (unless the purpose is to reduce staked SPS rewards).
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I certainly hope not. If so, we are doomed to fail. I think some people think that could happen, but not according to the whitepaper. If this ever changes then I will sell whatever I have left and leave at that time. In other words, this is something I have 100% counted on since the beginning and changing would make any cap worthless. Changing this would be worse than making 2 million brand new Alpha packs (which of course would be horrible too).
From the very beginning of the whitepaper:
The maximum total supply of SPS tokens will not exceed 3,000,000,000 which are planned to be allocated as follows: