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.
What IF.... 10% os STEEM continues to be liquid?
What IF.... almost 100% of STEEM is POWERED UP?
What IF.... some IF's help us more in our FUDing attemps than others?
What IF... You are making too many mistakes?(you are obviously in hurry here)
What IF.... you are here just fuding and talking BS most of the time?
What IF.... FUDing pays much more than actually coding? (the suposedly next gen, revolutionary crypto that solves "all the problems")*cough* *cough*
What IF.... you have no intention at all to do anything else than FUD every crypto under the sun and you are just bullshiting us about "your solution"?I'm just thinking out loudly...
Something is really fishy here about you dude...