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RE: Why is the price of STEEM pumping, and what is the effect?
Could it not be something a lot simpler? For example; Up until the recent hardfork, there has been a higher inflation rate due to higher rewards. Now, while the pool is refilling, the rewards are considerably lower, meaning there is less pressure on the price of STEEM increasing because there is less STEEM being created and added to the marker.
You are right as the amount of Steem I have received is not too good since the hard fork
Patience... it will recover... I the first 4 months at the start nobody got anything, but it payed off
Perhaps, an interesting possibility, but author rewards are minuscule compared to whats already in the market.