That's the whole point though.

New money coming in to pick up the tokens and oldies dump them asap and leave with better money like BTC. Then, they cash out to fiat.

What value is the STEEM token should STINC stopped developing like they had for a while.

Any scheme where the newbies want the interest (aka inflation, reward pool, etc.) and the oldies want new capital (via selling tokens in exchange for actual money) is pretty much a Ponzi.

As my grandmother would put it: 你要人家的利. 他們要你的本. It's a tale as old as time.