EDIT: I changed my opinion, see https://forum.olympusdao.finance/d/77-oip-18-reward-rate-framework-and-reduction/137
==== ORIGINAL POST ===
For those not following on Discord, there's been some very lively discussion and disagreement on this proposal.
On one side, we have the initial OHM holders (~ 4000 people or so ) which are "thinking about the protocol", and want a more sustainable runaway. This group will not feel any sort of pain due to this change, as they've been in the protocol for a while now.
On the other side, we have the other 50% of users which came into the protocol in the last month. These users have been attracted through MEMEs, Twitter Threads and various other community building methods though a (stated or implied) claim that the 5-6 digit APY will continue and that we can sustain these levels for 300+ days.
This second group is rightfully disappointed, as the marketing was deceiving. It's this second group that's supposed to now "protect the protocol" and "think of the future" and are being accused of being selfish individuals that are looking only to cash out and protect their rewards.
This can't be further from the truth. While yes, of course, there is a monetary incentive (that's why the majority is in crypto), what one might be missing is the fact that initial members of the OHM community (the initial 50%) ALREADY had time to express their inner and innate selfishness! They were here at 4$ OHM and 100k% APY. They had plenty of time to collect quite the sum, yet nobody was calling them selfish at that point!. It's only now, when the remaining 50% wants a cut based on deceptive marketing claims that "they are the selfish ones not thinking about the protocol".
A lot of the NEW OHMies also agree that this proposal is too fast. Someone on discord suggested to implement this change, but not immediately. While it's true that we should be doing the necessary for the longevity of the protocol it's also true that OPTICS and community sentiment matters just as much as "the protocol". Afterall, it's humans that make it all work.
So, my proposal would be to implement this change over the next 45 or so days (we can decide via pool). During these 45 days, display a banner that says APY WILL be going down due to this OIP. This way, any new OHMie coming in knows exactly what to expect and the existing new OHMies still have breathing room and can be satisfied they haven't been deceived via BAD marketing.