You are viewing a single comment's thread from:

RE: Revamp Market Fees to Include 2% DAO Royalty

in #spsproposallast year

I said that we might as well stay at how it has always been if sellers are unwilling to budge for the greater good as the markets are willing. Even 5.5% would be fine. And just fyi staying at how things have always been isn't terrible to us. But taking more DEC out of circulation is the point. Staying at 5% doesn't really do much of that so might as well not have a proposal at all.

Sort:  

@jarvie , while yes, loading the DAO with DEC puts the DEC to rest, it does not take it out of circulation.

Shouldn't the proposal be to burn the DEC instead of giving it to the DAO, if removing the DEC from circulation is the goal?

What can the DAO do with the DEC that keeps it out of circulation and won't flood the market with DEC when the DAO wishes to use it?