I will be supporting this proposal as it is written.
10% inflation with a large chunk of that going to splinterlands which will kept mostly off the market will have minimal impact on anybody. And if it that is too much to bear, they can get full refunds.
In this particular run, the 10% is definitely bearable, but in the future, the 3 minute cutoff might not be a good solution, as it could dramatically inflate the print run.
On the fence about it, even though I agree with it in this case.
To add, going forward my suggestions would be:
Create an alert between presale and general sale. Confirm that I want to buy even though I missed the cutoff.
Voucher bonuses at maximum levels should be part of the total purchase by default and require manual entry to remove.
This is the minimum that should be done.
I still like the FOMO effect though - not everyone does.
Agreed
i have read through all the comments this morning and Ive found 2 responses that I felt served head and heart, logic and love. @dagger212 and @cherute below offer up some great responses to the proposal and for future sales mechanism. I found myself feeling very torn between all of these polarised reactions but its wonderful that we have such excellent thinkers with such passion, compassion and investment nouse in this community which gives me faith that as a DAO we can thrive and use our hive mind to navigate the best way forward when these issues are encountered.
peace AND prosperity, love AND abundance, sovereignty AND community
Changing what I purchased after the fact in any way is unacceptable.
This is a way to look at it, but then the question is, what has changed with what you have purchased? If you bought 1000 packs, you still have 1000 packs.
No - I bought X packs, AND X/Y %% of the total supply of the promo card.
If the Y changes as proposed, what I bought has changed.
Yes, I understand that, but it is also the "not in your wallet, not yours" kind of thing. You have the packs - the promo card is yet to be yours.
I completely understand your view too though - just raising the question.
Correct - the packs still hold some % of the value I was purchasing.
While I would potentially consider compensation to those in the 500k for the increased liquidity vs what was promised in rewards cards...
The MUCH better, and hard to argue against solution is:
DAO uses that SPS in the fund to purchase promo cards in the secondary market. Then do whatever the DAO wants with those cards...
To anyone that repeats "10% dilution is acceptable":
But it is the dilution on a single card, not the entire set. The packs are hopefully the majority of the value held, so the dilution is on that card.
If the packs are worth 10,000 and the first drop is worth 1000, the packs are still worth 10,000, but the 1000 = 900. So, in reality, the 10% loss on total holdings is closer to 1%.
Agreed, this is just a one-time fix. Going forward there should be very clear expectations.
How to mention about that this is the only one-time fix
😊 to the devs quite more?
Also I want to add that this can be perceived for this situation as a "bugs bounty". :3
They won't be kept off the market. In fact, they will hurt the market more if they are giveaways. Most of the people that tend to enter the giveaways would sell the assets. I don't blame them at all if they get something worth a lot and sell it but they do it often. I can't support printing more promo cards.
I can support refunds
What gave you the crazy idea that SPL will be getting any of these additional promo cards? They won't be, and they won't keep them off the market....