Heck you don't even need to do the math, just use some logic: if you took X amount of btc during a period of time (this includes old and new investors. Just all the btc coming in, any source) and gave something in return (STD in this case), how can you pay back MORE btc when what you gave increased its value (since it CANNOT DROP by design) and people sell back all of it?
It all works out for Standardcoin because its exchange pays back LESS BTC than what it got in the first place. someone is losing money.
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