Henlo,
Dear MeritLtd,
We come from a time where greed and need not always match. A time where smaller players are taken advantage of or even belittled to favor the larger players. The many tend to bend the knee to the few through conspired funnels of wealth, power, and control. Some situations are easier to notice than others. A friction between cultures, classes, nation-states and ideologies.
Decentralization
We think people need to look into the deeper meaning of decentralization. We have contracts and safts, yes. We have rules, laws and order, yes. What we do not have, however, is true decentralization. Decentralization is about freedom. The freedom to do as one desires, unbound by anything and everything. The freedom to transact, trade and decide for one’s self. Merit Circle is a way for the smaller people to have a stake, by choice, in investments otherwise not easily available to the “smaller players”. Do you see how decentralization is important here? Centralization removes our voices, our freedom.
Merit
Do you remember the term - merit? " It means: “a quality of being very good or worthy, so much so that a reward or praise could be given”. When we judge stakeholders, VCs for example, we do so according to their merit. Are some of them of high quality? Perhaps. Are some of them of lower quality? Possibly. We’ve read Twitter, Discord and Telegram. We’ve read the informative article by The Block Crypto. We’ve even read the chats in the lovely elitist community of Lobsters, where only the true altruistic builders and value-adders reside. Everyone has their own opinion about the event that is taking place within the MC DAO. We had to laugh, a lot. Many times we laughed. Why? Simple. The same “larger players” that often take advantage of or belittle the smaller players, went on the attack once again. Even larger entities are willing to set examples to defend their status quo.
Status Quo
You see, the moment there is even a hint of true decentralization, these larger players feel threatened that their status quo is challenged. We wouldn’t want the smaller players to have a voice, do we? Just imagine we can no longer use the smaller players as exit liquidity through vested bags, inflationary ponzi schemes and fancy protocols that make no actual sense. What would we tell our Board?! For the various circlejerks of influencers of many different token ecosystems who dump their bags into the smaller players, there is an equal amount of grifting NFT key-opinion leaders that do the very same. An equal amount of LUNAtics, SOLarians, or ETHerchads. An equal amount of VCs and hedgefunds extracting value from the many to the few.
YGG
YGG did not add much value, we can all agree on that. This thread is practically us giving them free advice to improve. Posting 2-3 articles and investing 100k (Yes, 100k. The other 75k was a private fund not by YGG) is now enough to be considered a value-add? We understand that some try and defend this (your replies shill your heavy bags), but it is laughable at best. We can talk about ‘legal contracts’, or we can talk about the uselessness of the average VC. As only the latter is the real issue. We wouldn’t have had this governance thread, if value was added. YGG is not our enemy, but we are gravely disappointed. The token deal was to boost a mutually beneficial bond between two giants in GameFi. All involved parties would do well to remember this, and to strive to improve together.
Free advice
For any current or future project owners reading this, you would do well in vetting and securing the potential value-add of your favorite VCs. They are there to serve you in exchange for (discounted) tokens. A simple money injection is not value. You will want to demand a strong network, extra developers, good marketing, strategy and advisory, and so on. Your VCs should practically go to war for you. If your favorite VC has 100+ projects, how much ‘love’ do you think that VC can give to your project? How much attention and work? We all know the answer to that… nada. The reality is that most resources are scarce, but money is a relatively easy resource to come by.
Reply
As for the topic at hand, it’s a funny one. So far YGG has not made any public comment whatsoever. Either they do not care, or there are powers at play that we cannot see publicly. In any case, our point has already been made. The larger players are - as usual - weaving their web and pulling their strings to extract value from the smaller players. They expect us to bend the knee and submit, to be happy with a little bone they throw at us. Back to your cage, little one. Don’t you dare to have a voice!
We cannot talk about decentralization while setting additional requirements for our vote, but we understand that the topic is complex and there are dark powers in the air. We are fine with a clause as in the end we seek mutual benefits and harmony across ALL involved parties. We therefore not only add the claus to the original proposal, but we also openly welcome YGG’s team to our forum to enjoy our DAO so we can all live in peace happily ever after.
Proposal amendment
In order to mitigate potential unforeseen second order effects, we amend the proposal with the following:
- In the case of acceptance of this proposal (YES), the proposed actions are to be delayed by 2 weeks and creates a 1 week time period for a counter proposal.
We hope everyone within and around the MC DAO will be happy with the above resolution.
To conclude, why can’t everyone be Frens and create a synergetic partnership that helps the entirety of GameFi? Both MC and YGG are supposed to lead the gaming space, the GameFi startups, and the fruitful concepts of a digitalized future where play-and-earn can thrive. Get it done.
Thanks,
Honey Barrel
Vanquisher of non-Frens
The Freefolk Fellowship
