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":
- It's really more like 12.5% dilution all told.
- Go with 10% - anyone making this statement can send me 9.9% of everything in their wallet..after all 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%.
also agreed - I'm not here arguing for a 10% discount on the purchase in exchange for being happy about the promo print increase by any means.
I'm just making it clear that IMO - changing a product after the fact - is just wrong. Any change, no matter how minor.
I think the only honest way to give anyone promo card access not within the 500k, is for the DAO to purchase those cards from the market after the fact.