It Was Never About DEC Anyway - Quest Potion Silliness
With the recent news that spending credits on Quest Potions has been suspended in Splinterlands, I've seen so much whining and negativity from primarily new players who are now upset that they can't spend $.75 to make a few dollars in DEC.
Here's the thing, though, and I'm saying this primarily for new players reading. DEC was never the investment opportunity anyway. And by fixating on that, you're missing so much that the game has to offer.
Spending $.75 on a quest potion to gain huge rewards in in-game currency should have clearly been seen as unsustainable and something that would be addressed eventually. If the soft-peg for DEC is around 1000 for $1.00 and it's now 7x that, eventually it would have to be addressed.
BUT Mah Airdropz!!1!
Ah, ok. So, you're one of the smarter ones that realizes that SPS is the important thing to stack. And you feel you're missing out on airdrop points because of reduced DEC in your daily rewards. This is a learning opportunity.
If you are in to the game for a financial vehicle instead of just the fun, or a mix of both, then you're better off just purchasing cards and flipping or renting them.
But we're talking about SPS airdrops. So here's something better.
Try purchasing DEC and putting it in to the DEC-BUSD farm on CubDefi. Splinterlands has a good doc for you to follow on how to do that here.
IMO, this is really the best way to use DEC for your airdrops for a couple of reasons.
- If you don't know how yield farms work, concepts like impermanent loss, how to use Hive-engine.com or LeoDex.io, etc... You're gonna get yourself learned. And learning is freaking valuable. If you're new to crypto, this is arguably the most valuable thing I'm mentioning. DEC is DEC, knowledge is power.
- Double airdrop points. Of course you need to add equal BUSD to the farm, so the cost comes out about the same. But on top of the double airdrop points, you get...
- CUB rewards on CubDefi.
- Locking DEC in a yield farm does a little bit to help stabilize the price, keeping this kind of thing from happening in the first place.
So, if you're really into the investment side of things, and not just trying to mimic some bullshit youtuber's "DEC to the moon get rich quick nonsense", then this is the way.
DEC is an amazing token, and you can do so much with it. It's a tremendously functional in game currency. There ARE some investment strategies for it. But don't lose sight of the big picture over a REALLY small issue for the short term.
If you want to invest, be an investor. Buy cards, rent cards, hold cards, buy and hold SPS, put DEC in the yield farm, whatever. You have options.
If you want to play, be a player. If you need cards, try making friends instead of pissing on the community. Cards are coming. Every game has "slow" periods between content releases. You're a gamer, you know this. Roll with it.
If you want to be both, that's cool, just look more than 2 days ahead at a time.
tl;dr SPS to the MOON. DEC to the floor. Don't get it twisted.
P.S. I'm a personal trainer, and a gamer, not a crypto guru. Don't come looking to me for get rich quick advice.
Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism
Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism
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STOPI hope many people, who need to, read this. The
gets on my nerves. People coming in who know nothing about the game or history of it and stamping their feet because they can't milk it anymore.
As you say
One of the key aspects of the game's success has always been it's community but now, I fear, that that is being lost or at least diluted. The price you pay for success maybe.
This is my first gaming experience and so far it has worked well for me. I came in purely because of relationships I made on S t e e mit on the recommendation of people I had come to trust. I stayed because it was fun.
As the days go by now the community aspect gets less and less fun and I am heading rapidly to becoming a pure investor.
But then, that's the nature of crypto I suppose. Everything changes and I've had a good run here so I'm not complaining. In fact, getting involved with Splinterlands has turned out to be my best investment by far and we've still got land to come.
P.S. As an interesting side note . . . the worst investment I've made was getting into the DEC-BUSD farm. I got in before the rise in DEC prices and the announcement of SPS and the double airdrop points nowhere near make up for the massive amount of DEC I've "lost".
But . . . I have learned a lot about how liquidity pools work which is a big bonus.
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I think the community will work itself out in time. The truth is that there's no free lunch and no get rich quick scheme anywhere, crypto gaming included. Eventually many people will realize that. But that won't stop people from making wild claims on youtube to get those clicks. And some people will always fall for it. But I think by and large the community will be fine after the dust settles with this big surge. The Splinterlands team has good community leadership. Some of the best I've seen in any game, period.
This is why it's so important to understand impermanent loss. I don't fully understand it yet, but I'm learning, too. Am I correct in assuming you won't realize that loss if DEC goes back to it's typical range?
There really is still so much to come. It's still exciting, even if there's no money to be made.
Have some !PIZZA
@gillianpearce! I sent you a slice of $PIZZA on behalf of @starbork.
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I hope so.
I don't think so. I've been hoping for the price of DEC to go down so I could get it back but I read something this morning that makes me think that this isn't the case.
Like you I'm new to it so I won't really know until it happens. 😁
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