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.
RE: SPS Governance Proposal - Contract Steem Monsters Corp for Ongoing Maintenance and Development