But that means that every week 1% of the SP is liquid for selling. If no one is converting to SP, then eventually it will all become STEEM which is debased 100% per annum and the curation will be dominated by the few remaining with SP.
It also appears to be a constant selling pressure juxtaposed against any speculation demand for STEEM. Analogous to miners divest BTC.
I see your point that the amount of STEEM available is only 10% of marketcap right now. So that can be another factor for price moving up so much.
Dan planned out the math of this pyramid scheme well. It is a front loaded pump with a long-tail die off.
I'm not saying you don't know what you're talking about, but none of what you just said has any basis in reality.
9 SP are created for every 1 Steem created.Please do your homework before making outlandish claims about pyramid schemes.
Indeed on the bolded. Did you not read what I wrote:
Dan planned out the math of this pyramid scheme well. It is a front loaded pump with a long-tail die off.
You do your homework too pompous ass. Which means read what people write before you accuse them.
Sorry if you are offended by the FACT that Dan created a pyramid scheme.