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cryptoeater
@cryptoeater
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Melbourne, Australia
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2017-09-09 10:24
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cryptoeater
spsproposal
3y
RE: Update Market Fee to Include 2% to Burn
Thank you :) As for SPS, where would this additional SPS amount come from? Wherever it does, we will get a new set of upset players
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cryptoeater
spsproposal
3y
RE: Update Market Fee to Include 2% to Burn
You are right, prior to SPS it was mostly funded by market fees, but I don't believe it has been for a couple years. I admit I was wrong to say the season rewards were negligible, I had not done the
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cryptoeater
spsproposal
3y
RE: Update Market Fee to Include 2% to Burn
That's a fair point, I had not done the calculation myself. However, replacing DEC with SPS for season rewards has issues of its own. For example, where would this new season reward come from? We can't
cryptoeater
spsproposal
3y
RE: Update Market Fee to Include 2% to Burn
I have spent tens of hours already on the previous iteration of this proposal and honestly, it has had a real mental toll since I received a lot of personal attacks along with the discussion. As I have
cryptoeater
spsproposal
3y
RE: Update Market Fee to Include 2% to Burn
Thanks for the response. To clarify, burning DECs is akin to increased ownership. For example, if you have 1% of DECs, and then 50% is burned, you will now have 2%. However, I can understand if you only
cryptoeater
spsproposal
3y
RE: Update Market Fee to Include 2% to Burn
Thanks for taking the time to put together this detailed feedback. Below are some counterpoints: As the owner of multiple decks I have rented out on market, this is quite negligible. The fee increase from
cryptoeater
spsproposal
3y
RE: Update Market Fee to Include 2% to Burn
Splinterlands has an allocation of SPS in the whitepaper dedicated to tournaments roughly worth $35k per month at the current SPS price (after accounting for the 1% per month reduction in inflation). Looking
cryptoeater
spsproposal
3y
RE: Update Market Fee to Include 2% to Burn
I think you have misunderstood how the fees work, please refer to @flauwy's comment in your other post.
cryptoeater
spsproposal
3y
RE: Update Market Fee to Include 2% to Burn
I have replied to this below
cryptoeater
spsproposal
3y
RE: Update Market Fee to Include 2% to Burn
Hi there, thanks for providing your view. Below are the drawbacks to your suggestions: I believe DEC-B was a huge mistake, and I had many conversations with @yabapmatt trying to convince him out of it.
cryptoeater
spsproposal
3y
RE: Update Market Fee to Include 2% to Burn
Hi there, thanks for providing your view. Below are the drawbacks to your suggestions: I believe DEC-B was a huge mistake, and I had many conversations with @yabapmatt trying to convince him out of it.
cryptoeater
splinterlands
3y
RE: Introducing dec.burn: a New Initiative to Burn DECs
Good idea, but maybe better to have it spread out as well, not sure. Does liquid still charge a fee? I think they used to charge like 2% or something
cryptoeater
spsproposal
3y
RE: Revamp Market Fees to Include 2% DAO Royalty
Thanks for your consideration, and please message me privately if you want to regarding any further concerns around this proposal.
cryptoeater
spsproposal
3y
RE: Revamp Market Fees to Include 2% DAO Royalty
Thank you for taking the time to voice your reasoning on voting no to this. To address your concerns: The current market conditions is actually a really fair point I had not thought about. Perhaps this
cryptoeater
spsproposal
3y
RE: Revamp Market Fees to Include 2% DAO Royalty
Hi, thanks for taking the time to write out your opinion and although I agree with multiple sentiments you have provided. However, just because something won't solve an issue, a step in the right direction
cryptoeater
spsproposal
3y
RE: Revamp Market Fees to Include 2% DAO Royalty
By distributing it to the DAO, we give the community flexibility to do what they feel is best, which includes simply burning it if that's what the community wants
cryptoeater
spsproposal
3y
RE: Revamp Market Fees to Include 2% DAO Royalty
Almost every NFT project on ETH using OpenSea has a creator royalty, this is what the DAO royalty is trying to replicate. Most projects on Opensea have a 2.5% to 7.5% creator fee plus 2.5% marketplace
cryptoeater
spsproposal
3y
RE: Revamp Market Fees to Include 2% DAO Royalty
You are right, this won't be good for the price of DEC and I think it is rather obvious, so I don't think it will ever reach the 66% approval to simply sell DECs on market. If a proposal like that ever
cryptoeater
spsproposal
3y
RE: Revamp Market Fees to Include 2% DAO Royalty
Here is a list of the top PKM holders. However, that does not include the PKM that are in liquidity pools which is where most people hold their PKM. I personally hold about 0.865% of the liquidity pool
cryptoeater
spsproposal
3y
RE: Revamp Market Fees to Include 2% DAO Royalty
You are right, basically anything that saves my time I would treat it as having "solid utility". Since I wrote this comment, I have also started to understand the utility of cashbacks, many smaller
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