RE: RE: SPS Governance Proposal - Reduce SPS to DEC Conversion Fee
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RE: SPS Governance Proposal - Reduce SPS to DEC Conversion Fee

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Ok so this seems pretty simple...

Why do this: to increase incentive to burn SPS for DEC vs Buy DEC/Buy Creds/Swap etc

Who benefits - short term: Holders of SPS (Whales), because they already have tons of SPS and they'll bag an extra 20 DEC per $1 of SPS burned or $.02... because that's what 2.5% -> .5% is... a 2% change

Ok, we took the long way to get there...

The hidden gem...

Who benefits - long term: Holders of SPS... all of us. This change appears to incentivize the burning of SPS and the burning of SPS reduces the supply and reducing the supply of something does what folks???

Bingo.

I see no downside to this and if the board agrees... seems ok to me.

Open to hear why we shouldn't do this... I'm not getting the fees paid into my account lol...

@captaindingus: Ok so this seems | Ecency