RE: LBI-GOV Vote on Hard Cap and Open Call for Proposals
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Hey there.
YES . The cap is not a problem at all as the holdings of LBI should grow to other tokens with the profits generated, so the utility of the token is guaranteed: When 1LBI will equal to 2 LEO, 1 CUB, 2 BLANK and 0.5 RUNE the market will pump it alone.
And giving it scarcity, we assure as well a healthy hive engine / leodex liquidity market, something that right now is still a problem (lack of enough orders both in buy and sell)
The original 250K looked more nice anyway, but oh well.
All this thoughts above are the exact reason why for example Bitcoin doesn't need to have a supply of 300 millions. The utility and value of each token is enough. Ask to Berkshire Hathaway Series A holders ^_^
In other reflection, I'm still worried about the outcome of the dividend yes/no vote. A 51% vs 49% looks like a Democracy Victory, but it shows that we are not very aligned as a "Director's Board" members that we are all. I was in the losing side and this (the MAIN value proposition of the token) needs to be addressed, once and for all, soon again.
My 1000 LBI cents.
Posted Using LeoFinance Beta
I was thinking about the split on the dividends vote, too, @bozz, @alexvan, @renovatio.
I run a decentralised consortium: whenever we run a ballot the proposal has to reach a minimum threshold of a two-thirds (66%) majority vote in order for the change to take place. We've done that to avoid splitting the consortium and to ensure there is truly a majority vote for any change.
That also sounds like a great candidate for a proposal. Please feel free to submit that in accordance with the guidelines in this post.
I'd love to, but I am fully committed and my contribution is running the Saturday Savers Club over on the @eddie-earner account and raising awareness about EDS and EDSM. However, the idea is there for anyone to pick up and run with. I have replied to @dagger212's comment as well and maybe the two ideas could be combined into one proposal, @bozz.