SPS Governance Proposal - Adjust Token Distribution Strategy

Hive account@vugtis posted several thoughts about this in Discord that I've summarized and put in this post in case anyone wanted his take on the proposal.

@unitmaster/vugtis-thoughts-on-sps-distribution-and-rewards

I'll support this proposal as it ensures reward continuity for a reasonably long period of time, and it reduces ongoing monthly emissions. There are aspects I would do slightly differently, but overall I think this is a compromise that's generally positive and it's important that we settle on a longer term runway sooner rather than later. Also, we can always make adjustments in the near or medium term to further optimize this.

Couple of additional points:

• Reward continuity: This extends rewards for 3 years, which is a very long time in crypto. It gives confidence to people involved (stakers, players, landowners) that the game won't suddenly run out of rewards. In a perfect world, I'd love something even more long-lasting, however even if we had some kind of "infinite" formula the reality is that when simulated it would get to a point (maybe 3-5 years from now, depending on the decay formula) where the rewards would just be too small. So while in THEORY an "infinite" runway is appealing, in practice it may not make so much sense. Perhaps if our token values increase significantly we can rethink the decay formula and propose a new one.
• Emissions: I like that emissions are going down by 10% across the board. I personally would have reduced staking emissions a bit further, but my understanding is that there are many other stakeholders, including some big ones, who feel strongly about not reducing those too significantly. I will say that I probably wouldn't have as much SPS as I do if it hadn't been for staking rewards though. So even though I'm in a position now where I'd be fine reducing these further, I also can appreciate the impact that these rewards have on current as well as new buyers.

Why are we adding to the buckets..... for the love of god please. We have already inflated the shit out of this token. The distribution should be over already, not continued.

SPS is a GOVERNANCE token.

Now we have effectively given the next mini set an eternal discount, devaluing all cards for the foreseeable future. DEC already falling off a cliff, SPS back on the decline.. Do we not understand economics here?

Add the formula in a code snippet (you can use backticks to surround the formula), otherwise italic from markdown will be get triggered when parsing the text, rather than the literal formula. Like this:
Z = MAX(X*0.7, MIN(Y*0.05, X*0.9))

I'm ok with the proposal.

Hmm, how to vote if I like the slow down but definitely not the distribution of the added tokens. I guess it won't matter anyway how I vote, but these omnibus proposals are not great. I recently heard from someone in the team that we shouldn't think binary, why do we have to decide binary?

I personally think not adding to land is fine, because land has other benefits now and SPS mining on land seems to me like something that should be eliminated over time.

At the same I can't understand why the biggest share goes into staking, which I consider a complete waste of SPS. I would much rather see this allocated to modern and wild.

I also don't think tournaments deserve 20m when so many DAO sponsored tournaments turn into "buy SPS with DEC cheap" because there are not enough people signing up to not make it on the leaderboard.

And if I understand correctly we allocate 1m SPS to reward holding licenses instead of rewarding actually using licenses? What is the point in that?

TL:DR
Reductions yay, but please make multiple proposals for the individual allocations.

You have my vote, but I still think providing staking rewards outside of vouchers is pointless.

I don't understand why we just don't lightly slow down emissions until things "take off" If this is all about economics then there are times when the SPS printer needs to be slowed and then increased. To me this is a time where it needs to be slowed. I'm not talking anything crazy either make it a 10% cut for now and we should see SPS prices slowly rise which to me would look better. This below 1 cent BS for a governance token makes it look like a joke to the outside world. We need action in increasing the price of SPS and holding it steady. Not increasing the emissions of it and diluting the value further.

I don't know everything going on though I don't think anyone really does but that's just my opinion and my thoughts on the matter. I'd love to hear counter arguments, graphs, stats and all the goodies.

yes! convince me otherwise

It is a paradox that to avoid a long-term collapse in rewards, a short- and medium-term devaluation could be triggered due to increased supply.

Don't see why we need to decay brawls seeing how it had such a long runway but whatever

Great to see that we are thinking about a sustainable distribution of rewards.

I would like to see a system where SPS won by players is taken from the players that they have beaten. House bots would not only pay out when beaten but also take SPS when they won. This would lead to a zero SPS inflation game over time. I am thinking that such a system could be introduced gradually where only a small amount would be taken on loss initially and increased over time. SPS could be staked to increase the % of SPS awarded per win and SPS could also be staked to reduce the amount of SPS taken on a loss. This would obviously create greater demand for SPS at the outset and SPS price could maybe go up.

Such a system would best be suited to a proper ranked system where players could once again be competing on an even playing field which is another reason why I like my idea.

Looks like a price crash and mass sell-offs are coming...