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RE: The Best News in The World: There Is Not Enough STEEM To Go Around!!!! STEEM A $600 BILLION blockchain????
More fun numbers and ideas to think about. I wonder with so many whales sitting on so much STEEM, if more demand would be created for them almost buy giving some away instead of selling it (as selling would suppress price for sure in the short-term). I'm sure there must be interesting economic theories about such situations where so much is held in a concentrated amount of hands.
i'm with you on this one and i think about this almost daily, especially since i can't seem to get off of steemit and post 2-4 posts a day. the above message from Task does ring true because it feels as if i'm spinning my wheels for more and more steem. meanwhile, noobs are botting like crazy with one and up to 3 accts as well as following creation trails on those accts accumulating like crazy. that may not sound related, however, thinking about the "new" accounts its makes sense. back to the whale situation, it wouldbe great if they did "give some away!" the other day i was thinking about what if they awarded people with gifts of steem for how many days or a year birthday on steem. it would be a nice gesture, but probably idealistic thinking on my part. ho hum. back to the grind.
There is a point when the price gets so high that it is too enticing not to sell.
Especially since many of the larger accounts were investors meaning that their goal will be to hedge risk. This will push them to sell some of their hodling, meaning further distribution.
It seems the higher the price, the more the larger accounts unload.
Exactly. The big winners will be content creators in this new world.