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RE: SPS Governance Proposal - Update Minimum Rental Price from .1 DEC to 1 DEC

in #spsproposal25 days ago

100% will vote yes. I think what many people don't get is that rental prices for cards that are sitting at under 1 dec (especially high level cards) are not being driven by the demand side at all. Price has nothing to do with the value of having a card in your deck. It's 100% the supply side. If there are only 50 people who want/need to rent a maxed Djinn Biljka but there are 500 on the market, they are going to the lowest possible price no matter what players find the value of the card to be. Is having access to a maxed pelecor bandit really only worth $0.0001?

Raising the floor price is just a way to get price a little closer to the value of having the card in your deck. And if anyone thinks changing the floor price is manipulation, you're right but we already have an arbitrary floor price so its already manipulated. This is just a different arbitrary floor price. Also let's remember that .1 dec is $0.0001 at peg. You could rent a card for almost 30 years for $1 usd at that price. What's the incentive to own a card when you could rent it for 30 years for a buck? Does changing it to 3 years for a buck really put it out of reach for anyone?

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The change in Floor Price wasn't arbitrary, I chose the List Fee as the Floor Price 😭😭😭

In all seriousness though, you nailed it. I believe it will cause low BCX "trash" rentals to Bots to decrease greatly in volume and due to the Card Level Caps being removed in Ranked, cause a large number of Low BCX cards to get combined to have enough utility to justify renting at 1 DEC.

Thank you for this comment, I greatly appreciate it!