Post
Topic
Board Altcoin Discussion
Re: Steem pyramid scheme revealed
by
iamnotback
on 26/07/2016, 19:45:19 UTC
What point were you trying to make in text I had quoted?

That users are not particularly interested in cashing out relatively small, retail if you will, amounts of SP. They may not be for many years or even decades (of course assuming the platform becomes very successful, otherwise it goes to zero and none of this matters).

Once you get into the long term, the 2 year window can be largely ignored. There is pressure to enter and pressure to exit, with price determined by the balance between them. There is no possible clarity about how that balance looks in distant future.

That is what I thought you were saying. And my point is that the tiny amounts don't matter due to the power-law distribution. I argue, where the 20% who accumulate 85% of the wealth, will need to start powering down at some apex point.

https://www.theguardian.com/commentisfree/2011/nov/11/occupy-movement-wealth-power-law-distribution
https://www.newscientist.com/article/dn7107-why-it-is-hard-to-share-the-wealth/
http://physics.umd.edu/~yakovenk/papers/PhysicaA-299-213-2001.pdf