You're way over-thinking it. Stored value is artificial no matter what way you turn it, a shared belief or agreement and often has no relationship to anything other than scarcity on the supply side. The market is going down because the market is going down, personally I think manipulation plays the biggest part in that but it's just as explainable by lack of interest, the newness has worn off and it' worn off Dash more than most.

A few tweaks with distribution of supply isn't going to fix it, a 10x reduction in the MN collateral requirement might put the economics on a more sustainable path but it's very unlikely to have much effect on our weak and mostly delusional markets.