RE: SPS Governance Proposal - Contract Steem Monsters Corp for Ongoing Maintenance and Development
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The Agreement doesn't require that the DAO pay the Company in DEC, nor is there a requirement for the Company to accept DEC for payment for core set packs or anything else, or even for the Company to pay the DAO the sales revenue value in DEC regardless of what forms of payment it decides to accept for anything, so while I can see the issue you mention being possible, it is not inherent in this deal.
I support the agreement generally, but want revisions to the payments section, which, notwithstanding any DEC shenanigans, is written almost entirely to the benefit of the Company. I understand legalese, and here's my quick take on the Agreement:
The summary in this post says the DAO will pay in "HBD then DEC or other liquid tokens": however, that is not what the agreement states. Section 3.2 Form of Payment (a) Approved Payment Tokens:
"Company shall maintain and provide to Client [the DAO] a list of cryptoasset tokens approved for payment..." "The Approve Token List shall be provided to Client concurrently with the execution of this Agreement."
...which means we don't know what tokens will be accepted and won't until the agreement is executed. I would revise that section - the DAO should have that list before signing the agreement. It also says the Company can revise the list at will in the future without limitations or agreement from the DAO - I think the DAO should get some say in that, such as mutual agreement on some tokens (for example, at least 3 mutually acceptable tokens, like SPS, DEC and HBD), how many tokens need to be on the list (the Company could limit it to 1 token the day payment is due as written), and a time restriction, such as must provide a revised list 30 days in advance to coincide with the billing cycle.
At (b) in the same section, it essentially says the Company can refuse payment in the form of tender the DAO pays "for any reason", but it does state at the end of (a) that "Client shall make all payments...solely in tokens appearing on the then-current Approved Token List", so the Company has to accept payment in one of those tokens and can't refuse them all at least, but the DAO does not have any control at all over which particular token the Company will accept as payment - as noted above, the Company could limit the approved list to 1 token at the last moment. The DAO needs some say in that to avoid being victimized by or possibly benefited from token price changes. Lots of ways to possibly revise that section, especially with the other suggestions above, but a ranked order of acceptance of particular tokens, which must include the mutually-agreed tokens whatever they are or a certain number of tokens. There is no reason to give the Company sole discretion over what form of tender it will accept!
Further in Section 3.2, at (e) it lays out that the Company will not suffer at all if the tendered token price falls within 48 hours after payment - the DAO has to make up the difference and pay the shortfall. That section also says if the tendered token price increases, the Company keeps the overpayment. There is no reason to accept that condition. It allows the Company to utilize the absolute control the agreement currently gives it over payment forms to maximize its benefits to the detriment of the DAO. At the very least, if the DAO has to make up a shortfall due to token price falling, the Company should have a reciprocal obligation to convert a token price increase windfall into a credit for the DAO.
The agreement in general I think is a good deal for the Company and for the DAO. There's just no reason to have these payment issues be so one-sided against the DAO. The DAO is sitting on a large pile of assets it doesn't do anything with, and the Company really wants a stable and reliable revenue source and is willing to give up IP and share revenue to get it. Past experience with pack sales has shown that the DAO doesn't lose money on this type of deal, so seems like both sides do benefit. The Company asked for this agreement, and while there is obviously co-dependency here, the DAO is not entirely without leverage. Giving up some of the game revenue (perhaps 10% or 15% instead of 20% over the total DAO contribution recoupment?) could even be something the DAO could use as a sweetener to negotiate some control over payments issues?
I mean, it literally says that HBD will be used first and DEC next. Regardless, most of the DEC received by the DAO will be during pre-sales. There's no reason for the team to pay in anything other than DEC there. They receive DEC, or maybe credits but those are "converted" to DEC. Why would the team not pay in DEC when it is at peg?
Many players wanted to go the opposite direction. Stop this connection between the DAO and the team. Some even wanted the DAO's DEC burned. This proposal goes in the opposite direction.
Happy Wednesday everyone I hope enjoy your day please read and share 🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾
@jacobtothe Keep digging just remember @acidyo took my rep away with the help of blocktrades delegations and everything is documented 😂😂😂
☝🏾✨⭕✨☝🏾🍻🍻🍻🍻
👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾
@jacobtothe and friends Please get help there's clearly something wrong with you 🙏🏾
I hope blocktrades pays you well enough 😂😂😂😂
Some people just never learn when 😂😂😂👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾
@jacobtothe @livinguktaiwan @oflyhigh @abit @adm @eval @abitmore @hurtlocker @hurt-locker @epstein @gundamzerofour @gundamzerotwo @gundamzerofive @buratus @nattosenpai @fw206 @ocd @acidyo @mrtats @poshtoken @poshtoken.wallet @hiddenblade @alohaed @tobias-g @nattosenpai @hivetrending @erikah @davidke20 @davideownzall @zingtoken @honey-swap @friendlymoose @x-rain @hivegc @rishi556 @ocd-witness @russia-btc @ocdb @justinw @nutritree @themarkymark @geekgirl @stresskiller @forkyishere @forykw @belikechuck @leovoter @upmyvote @punkteam @makerhacks @wiseagent @steevc @davidthompson57 @demotruk @meno @thelittlebank @buttcoins @snapie @colemole @davidickeyyall @crimsonclad @smooth @oldsoulnewb @artgirl @flemingfarm @neoxian @nwothini335 @bdvoter.cur @zaku @empo.voter @empoderat @ferranlogs @trumpman @bhattg @azircon @riverflows @lazy-panda @gogreenbuddy @tarazkp @buildawhale @logic @abit @freedom @solominer @letusbuyhive @bijoy12 @sagarkothari88 @theycallmedan @ipromote @apeminingclub @nathen007 @dlmmqb @slobberchops @chops316 @littlenewthings @bozz @adm @abit @cwow2 @adm @logic @patrice @spaminator @topcomment @theworldaroundme and friends ✨⭕✨ Please get help 🙏🏾
@jacobtothe @acidyo @themarkymark @hurtlocker and friends 😁 No one will ever trust you again you weirdo 😂
👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾
Hello everyone I hope you are all good and well today in this post is some of the evidence to prove my case
If you didn't know I've been getting downvoted for a long time on Hive
They have been trying to bully me with downvotes and words but it doesn't affect me I've been online for over 25 years
So I've dealt with people like this before it's nothing new
But what they are doing is bad Very badi joined steemit like everyone else thinking it offers freedom but I must say steemit offered much more freedom than Hive does
Everyone already knows I only post my own original content I have no need to steal anything from anyone
I've been labelled a lot of things on Hive 😂 by the biggest farmers scammers and downvoters
Actions speak louder than any words do especially when them words are coming from a compolsive liars
I will keep updating this post when I get time
https://hive.blog/hive/@ureka.stats/the-untrending-report-hive-downvote-analysis-16-09-2025-20250916181314
https://hive.blog/hivedev/@makerhacks/please-peakd-allow-me-to-completely-block-spammers-would-you-ever-vote-for-this
https://hive.blog/hive-167547/@dlmmqb/re-kgakakillerg-t34wy6
https://hive.blog/hive-170475/@acidyo/re-kgakakillerg-t32sw1
https://hive.blog/hive-167922/@themarkymark/re-kgakakillerg-t30ziu
https://hive.blog/hive/@ureka.stats/the-untrending-report-hive-downvote-analysis-29-09-2025-20250929172045
No downvotes for this racist person 🧐
https://hive.blog/hive-196387/@acidyo/re-kgakakillerg-t41yr6
https://hive.blog/dvs/@dhedge/re-kgakakillerg-t3clz3
https://hive.blog/hive-150329/@kgakakillerg/t3a8fu
https://hive.blog/musical/@steevc/re-kgakakillerg-t2kz1m this post
To all the downvoters on Hive When the downvotes stop 🛑 and my rep is back I stop sharing the truth 🙏🏾
☝🏾☝🏾☝🏾☝🏾☝🏾☝🏾 Keep calling the truth lies 😂☝🏾
So many pretend to be doing god's work but they are really working for the devil 👿
Karma will strike you and who ever supports you 🙏🏾
☝🏾☝🏾☝🏾☝🏾☝🏾☝🏾☝🏾☝🏾☝🏾☝🏾☝🏾☝🏾
I know my post was long, but did you not read it? To reiterate, as I said, the announcement post does say HBD will be used first and DEC next, but as I also said, the actual Agreement contains no such statement. The Agreement is what is binding, not the post. The tokens to be used by the DAO to pay the Company are not defined in the Agreement. The tokens the Company will use to pay back the DAO through revenue sharing are not defined in the Agreement. The tokens to be accepted for pack sales are not defined in the Agreement, and the Agreement explicitly states that the Company will pay back the DAO in whatever token it chooses, regardless of what tokens it receives from players as payment for packs (or whatever). All of those variable are under complete control of the Company in the Agreement as written, so yes, the scenario you outline is certainly possible, and yes, I agree, the Company would likely use DEC at peg to remit the revenue share around pack sale time. I have no idea what will be used to pay back the DAO outside of pack sale time, nor do I know where the Company will get the DEC from if it chooses to use DEC (burn SPS I suppose, which would be good?) Regardless of what you or I think, none of this is specified in the Agreement, and these issues should be negotiated rather than accepted as is, since the Agreement as written gives the Company complete control over all of it.
Keep in mind that the Company has to remit the revenue share monthly according to the Agreement - every month for 48 months, all revenue the Company earns until it has returned $4.8 million (and 50% of all revenue after that) is given back to the DAO, so this is not just the Company giving the DAO the DEC it receives from us around pack sale time.
"Stop this connection between the DAO and the team" is just complete nonsense. The DAO and the Company are intimately and irreparably connected with or without this Agreement. Without other actions, DEC will continue its rarely at peg cycle with or without this Agreement. Are there any remaining DEC faucets, other than burning SPS? If not, then more DEC sinks is the only thing that will help it get to and maintain peg, with or without this Agreement.
The Agreement is about giving the Company stable and reliable funding, which it obviously thinks it needs, else it wouldn't be offering this deal. I am not particularly troubled by the risk that the DAO will hold fewer DEC tokens at the end of the Agreement than it does now, if it means we still have a game to enjoy in two years, it is hopefully expanding its player count, SPS price has increased and DEC finds a way to stay near peg all the time. If the alternative is the Company goes bankrupt before then, none of this matters and we all lose - the Company, the DAO and all of us players.
Without the Agreement, and absent significant play count growth, I would expect the pace of new set, mini-set and promo card introductions (and/or anything else they can sell to us) to increase because the Company needs more funding. This is not sustainable. The Company has bills it must pay every month (payroll, rents, utilities, etc.), just like all of us, our employers, or our businesses. The Agreement gives the Company a stable and reliable runway to get stuff done without needing to bleed its players dry to keep the lights on for two years. Hopefully that is enough time to turn things around!
To repeat, negotiate and revise Section 3.2 for fairness to the DAO.
But we're voting on a proposal and the proposal is the post. How is that not binding?
Regardless, not recycling the DAO's DEC would help tremendously DEC reaching peg. I don't think we will ever achieve a point where DEC is always at peg. There's a reason for the past 4+ years we've only managed to do it twice and for a very short time.
I also disagree that doing a bad deal for the DAO makes anything better. If the company can't survive without money from the DAO, we're delaying the inevitable. That money will dry up at some point. And that's not the message that Matt and now Dave has been giving us. They have told us that things are better now than they were at several points in the past.
I don't know what to tell you - we're voting on a pre-proposal regarding an Agreement (for which the current vote is overwhelmingly in favor of). Regardless of whether the pre-proposal presenting it accurately describes the Agreement (it does not!), the Agreement is what will be binding on the Company and the DAO, assuming a final proposal passes (and with whatever the Agreement states at that time when it is signed by both Parties), and it matters not at all what the proposal or pre-proposal presentation posts say about the Agreement. Download and read the Agreement - that is what you are really being asked to vote on.
I will grant you that the "deal" may be bad for the DAO, using your apparent good vs bad criteria of whether the DAO has fewer DEC tokens post-deal (in 2 years) than now. Would it still be a "bad deal" if DEC price stabilizes closer to peg in 2 years? ...if the SPS price is higher in 2 years? ...if we expand the player count in 2 years?
I do think things are better now, and getting better all the time, as the team's messaging is striving for. I see a lot of optimism from the players about the future. I think that giving the Company 2 years of stable and reliable funding makes it more likely we see that future and success. Having the guaranteed revenue every month (because bills have to get paid all the time, not just when pack sales are offered), takes a huge burden off the team's plate and let's them focus on getting stuff done to hopefully create that more successful future. It also decreases the incentive to offer more and more stuff at a faster pace to secure revenue as they go (e.g. constantly bleeding the current players dry to stave off collapse.)
If the Agreement doesn't happen, it's not the immediate end of everything - we will probably see the same smaller set-by-set and promo/reward card DAO funding agreements already being used, and those haven't really hurt the DAO. Things will continue, it will just be harder on the team.
Happy Wednesday everyone I hope enjoy your day please read and share 🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾
@jacobtothe Keep digging just remember @acidyo took my rep away with the help of blocktrades delegations and everything is documented 😂😂😂
☝🏾✨⭕✨☝🏾🍻🍻🍻🍻
👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾
@jacobtothe and friends Please get help there's clearly something wrong with you 🙏🏾
I hope blocktrades pays you well enough 😂😂😂😂
Some people just never learn when 😂😂😂👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾
@jacobtothe @livinguktaiwan @oflyhigh @abit @adm @eval @abitmore @hurtlocker @hurt-locker @epstein @gundamzerofour @gundamzerotwo @gundamzerofive @buratus @nattosenpai @fw206 @ocd @acidyo @mrtats @poshtoken @poshtoken.wallet @hiddenblade @alohaed @tobias-g @nattosenpai @hivetrending @erikah @davidke20 @davideownzall @zingtoken @honey-swap @friendlymoose @x-rain @hivegc @rishi556 @ocd-witness @russia-btc @ocdb @justinw @nutritree @themarkymark @geekgirl @stresskiller @forkyishere @forykw @belikechuck @leovoter @upmyvote @punkteam @makerhacks @wiseagent @steevc @davidthompson57 @demotruk @meno @thelittlebank @buttcoins @snapie @colemole @davidickeyyall @crimsonclad @smooth @oldsoulnewb @artgirl @flemingfarm @neoxian @nwothini335 @bdvoter.cur @zaku @empo.voter @empoderat @ferranlogs @trumpman @bhattg @azircon @riverflows @lazy-panda @gogreenbuddy @tarazkp @buildawhale @logic @abit @freedom @solominer @letusbuyhive @bijoy12 @sagarkothari88 @theycallmedan @ipromote @apeminingclub @nathen007 @dlmmqb @slobberchops @chops316 @littlenewthings @bozz @adm @abit @cwow2 @adm @logic @patrice @spaminator @topcomment @theworldaroundme and friends ✨⭕✨ Please get help 🙏🏾
@jacobtothe @acidyo @themarkymark @hurtlocker and friends 😁 No one will ever trust you again you weirdo 😂
👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾
Hello everyone I hope you are all good and well today in this post is some of the evidence to prove my case
If you didn't know I've been getting downvoted for a long time on Hive
They have been trying to bully me with downvotes and words but it doesn't affect me I've been online for over 25 years
So I've dealt with people like this before it's nothing new
But what they are doing is bad Very badi joined steemit like everyone else thinking it offers freedom but I must say steemit offered much more freedom than Hive does
Everyone already knows I only post my own original content I have no need to steal anything from anyone
I've been labelled a lot of things on Hive 😂 by the biggest farmers scammers and downvoters
Actions speak louder than any words do especially when them words are coming from a compolsive liars
I will keep updating this post when I get time
https://hive.blog/hive/@ureka.stats/the-untrending-report-hive-downvote-analysis-16-09-2025-20250916181314
https://hive.blog/hivedev/@makerhacks/please-peakd-allow-me-to-completely-block-spammers-would-you-ever-vote-for-this
https://hive.blog/hive-167547/@dlmmqb/re-kgakakillerg-t34wy6
https://hive.blog/hive-170475/@acidyo/re-kgakakillerg-t32sw1
https://hive.blog/hive-167922/@themarkymark/re-kgakakillerg-t30ziu
https://hive.blog/hive/@ureka.stats/the-untrending-report-hive-downvote-analysis-29-09-2025-20250929172045
No downvotes for this racist person 🧐
https://hive.blog/hive-196387/@acidyo/re-kgakakillerg-t41yr6
https://hive.blog/dvs/@dhedge/re-kgakakillerg-t3clz3
https://hive.blog/hive-150329/@kgakakillerg/t3a8fu
https://hive.blog/musical/@steevc/re-kgakakillerg-t2kz1m this post
To all the downvoters on Hive When the downvotes stop 🛑 and my rep is back I stop sharing the truth 🙏🏾
☝🏾☝🏾☝🏾☝🏾☝🏾☝🏾 Keep calling the truth lies 😂☝🏾
So many pretend to be doing god's work but they are really working for the devil 👿
Karma will strike you and who ever supports you 🙏🏾
☝🏾☝🏾☝🏾☝🏾☝🏾☝🏾☝🏾☝🏾☝🏾☝🏾☝🏾☝🏾