Your logic here seems reasonable. Still: the top 10 Byteball linked BTC addresses represent ±200.000 BTC combined:
http://transition.byteball.orgThis translates to 1250 GB airdropped Byteball. That's still quite a lot for the market to swallow if it would be sold in a short period of time.
The merchant cashback program is great though and I'm very curious about the new additional distribution method coming in December.
Yes, but 200.000BTC is a ... mindblowing amount, I dont think these people will dump instantly because they need money