We definitely disagree completely on this one. We have completely different views on what this proposal will do. You think it will help with the tokenomics, I think your solution will irrevocably break trust between the players and the SPL Team/DAO.

There are better ways to accomplish your goals while still not breaking trust and keeping our long term commitments.

Value in any currency is built over the long run by trust. Loss of trust = loss of value.

This proposal destroys trust because we are removing an entire asset class on a whim because it is convenient. What is to stop us from removing other asset classes in the future with this precedent? Assets like Grain, Research, Glad Cards, or even tokens themselves like DEC... they all could be done away with in the future if its decided to do away with them. How could we have any confidence that in the future it won't happen to any asset?

So while your intentions are trying to help shore up the token values, in reality what this proposal will do is destroy token values. As you said this is a controversial proposal, and it is so for a valid reason.

Trust is the main reason why this proposal is lacking, but there are many other flaws in this proposal too.

• We remove permanent value from the system, so Nodes become the sum of the SPS they will earn and then they are rendered literally worthless. They each have about $97 worth of SPS to give out over the next 2 years, and then they will have NO rewards. So we are about to spend $500k on developing our Validator system and at the same time we are destroying the value of the investment in those same nodes to run the system? The consequences are not well thought out.

• This proposal seeks to solve the problem of DEC going down by not addressing the real problem - creation of demand. We have had DEC to peg and it did burn SPS, that's how this works. But we have to create more demand if we want DEC to continue to stay at peg, otherwise it will just drop down again. Artificially pumping DEC back to peg will do the exact same thing in the future as it did in the past IF WE DON'T SOLVE THE DEMAND SIDE OF THE EQUATION. Our token drops in value are due to the fact that we have lost many players and not replaced them. This proposal, like others, codifies the narrative that we can escape doing what is necessary by tweaking our tokenomics - which I strongly disagree with.

• Finally, the community passed a proposal more than 9 months ago to replace the DEC given out to leaderboards with Rebellion packs - it was 80% for. But the team did not implement it because it wasn't a big factor to the overall economy. To this day it still hasn't been implemented. And the $ amount of DEC given out each season in leaderboards is far higher than the amount of DEC replacement in this proposal.

I hope you take your "concern" about DEC getting to peg seriously and ask the team to implement the actual passed proposals that give out FAR more DEC than we are talking about here.

One thing I won't argue is your right to make this proposal and your intentions. I think you have good intentions and believe what you are proposing, but I simply disagree with your analysis. I also believe that you have bought the SPS and can influence this decision, and that is certainly your right. I wish everyone would understand that owning SPS gives them the power to influence the votes, and even though I really really don't like this proposal, I am appreciative of the fact that we can vote on it and decide.

I'm voting against this.