Is Splinterlands Going Down the Drain?

Introduction

Splinterlands has been making headlines recently due to various proposals, but one particular proposal that could have significant repercussions for the game's economy has, in my opinion, received far too little attention.

This proposal calls for withdrawing a total of 600 million DEC from the DAO and recirculating it back into the ecosystem.

The Proposal

The proposal in question are:

• Hire SMC To Develop 5 Promo Card Sales - This proposal would see 600 million DEC used to fund the development of five promotional card sales.

Concerns about the Impact on the DEC Economy

One of the main concerns about these proposal is the potential impact they could have on the DEC economy. The current 24-hour trading volume for DEC is only $2,535. Adding an additional 600 million DEC to the market could have a significant downward pressure on the price of the token.

Matt Previous Statement

In the past, Splinterlands co-founder Matt has said that he considers the DEC in the DAO to be "burned." This was because he understands that releasing this DEC back into circulation could be disastrous for the game's economy. If anything, he had suggested that revisiting this decision could only be considered in a few years' time, once the DEC supply has been significantly reduced and demand is booming.

The Two Possible Explanations

The fact that Matt is now supporting proposals that would bring this DEC back into circulation suggests two possible explanations:

• He is desperate and making irrational decisions.
• He knows that Splinterlands is doomed and wants to cash out before it's too late.

Conclusion

The future of Splinterlands is uncertain at this point. The proposal to withdraw DEC from the DAO could have a significant impact on the game's economy, and it remains to be seen whetherthese proposal will be passed and what the long-term consequences will be. Players should carefully consider the potential risks before voting on proposals.

It is important to note that this is just one perspective on the situation, and there are other valid viewpoints. Readers should do their own research and come to their own conclusions.