Why is this proposal passing?
I created a thread on Twitter recently regarding the latest proposal to allocate 30 million SPS to pursue exchange listings.
Why is this passing with flying colors? For the meantime, I actually think it's counter-productive for a number of reasons. I've highlighted these in my thread which you can read below:
https://twitter.com/CryptoLlamaTV/status/1641014246883618816?s=20
It's also a worry that there has been a lot of recent scrutiny and clamping down from the SEC on listed projects which could be considered securities.
As well, US courts have recently found DAO governance token holders of the following project liable for a class action lawsuit from a hack on their platform because they’re considered members of the general partnership: https://www.theblock.co/post/223237/bzx-dao-liability-class-action
These, along with all the points I've detailed in my Twitter thread, this just doesn't seem like the right time to have such a proposal. I'm all for it in the future once the burning mechanisms for SPS / DEC are working as intended and whilst SPS isn't at all time low's. But right now, it just doesn't make sense.
Glad to be proven wrong.
I've voted no with all my power.
Congratulations @cryptollamatv! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 100 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Check out our last posts:
Support the HiveBuzz project. Vote for our proposal!