Most people have been powering up their Steem.
What does that mean?
Git withit, man!
You turn yer steem into steam power. To empower the future of the interweb!
gg
No I think they cash out their payouts and are forced to hold 50% in SP. I doubt anyone is converting STEEM to SP.
A lot of the criticism in this thread assumes that the majority of users will think like speculators or day traders...
In any case, it doesn't matter if they don't learn how to game their SP, those who are learning to game the SP voting are the ones who drive the quality of the content curation to shit. Those who learn to be economically relevant have the most impact.