RE: DCITY Presidential Bid, Anniversary, Progress Update & CITY Token Introduction ๐ก by luca-legend
Viewing a response to: @luca-legend/re-jelly13-r6ornn
dcityยท@jelly13ยท
0.000 HBDI do not think it is cool to explain my policy in anyone else's candidate post but I thoroughly enjoyed your word selection so let me make an exception. The investment part of this investment game is @gerber doing some smart stuff with all the money that was raised for dCity cards over the two years. Those assets back the SIM currency. You are fully entitled to expect 10 SIM a day (=3650 SIM a year) off your average card you minted for 800 SIM. It is 450% APR but you are a modest guy that has always settled for 300%. The only issue is that the actual investment is not making 450% - more like 45%. So you either Ponzify in enough dumb people or accept SIM value going down three-fold. With the populists like you or Mary discarding all the taxes, the income tax of 80% keeps the print off an average down to 730 SIM a year for a measly 90% APR (someone must have been lazy not to keep pace with that). Not enough to turn dCity into Zimbabwe, good enough to harm the currency holders. At the end it all comes down to SIM holders' votes. If I had a grand total of 35k SIM Power combined between my accounts (my apologies if I missed any alts of yours I do not know), I would be trying to sink the token (in order to be able to rebuy cheap) way harder than you do. I have more than that so even though I think throwing an irresponsible party every now and then is fun, I decided to step in when I felt this lunacy had lasted too long.
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