I think that the rationale is solid, but the timing is unfortunate and the solution bad marketing.
We all know we are in for the long run, but this move is bad for the general mood. I have friends who entered ad 3200 and now the price plummeted at something above 1/4, their heart might be with us but if they see the price keeping nose-diving, their enthusiasm can be a lot curbed. Announcing a further reduction in APY doesn't do anything to alleviate that. It would have been better -- if at all possible, I have read no discussion about this idea -- to adapt the pace to the faster block generation, padding for the increased speed. You might say it's the same damn thing, but it isn't. People are not rational or Apple would not do 9.99 prices instead of 10.-
Plus, this comes in a time when original investors have seen their pKlima frozen for an unknown time for reasons that have not been explained in full, methinks, and that could totally change the value of pKlima to zero in perpetuity. So I guess they are adding their monetization -- the few that remained -- to the general trend, generating a self-feeding process in a perfect storm scenario.
A falling price for Klima is very dangerous for many who are taxed on rebasing, since they are taxed at a price level that has no reference with the actual value of their rebased Klima. This taxation would take a chunk that could even be higher than 75% than the value and if the free-falling goes on people would be forced to monetize just to pay the taxes because they will eventually exceed 100%. If you pay like 25% taxes on 1 rebased Klima @2500 average and it falls at 500, taxes would be higher than the actual value of the additional Klima for November. With no sign of plateauing, people would start wondering if any APY would ever cover just taxes and flee, and that's the equivalent of a bank-run.
I am abstaining on this vote, since I share the motives but not the message we are conveying.