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RE: SPS Governance Proposal - Raise the SPS Rental Floor Price

in #spsproposal13 days ago

thanks for the clarification.
I suspect we are in agreement here: in my view the supply side of staked SPS is far more than we need for our current playerbase.
And the path forward for SPS emissions is an important conversation (and we should have that conversation as soon as possible!), but this proposal isn't really likely to change much about the supply side - it's going to remain available in excess, and stakers will gladly rent their excess for whatever yield enhancement they can.

So instead of more attempts to brute-force market dynamics against established economic theory, I'd much rather see something done to either
a) slow down the supply side, or
b) increase the demand side.

This does neither of those things.

My concern isn't really about the bots - I only mentioned them because it was part of the "rationale" for why this proposal is here. My concern is about reducing SPS demand with an artificial floor, where reducing rental demand actually means reducing utility for majority of SPS owners.