RE: The @sbdpotato beneficiary experiment
And it is clearly wrong. There is SOME demand. I can point to people who have bought large amounts of SBD, even at $1 or higher (or course this is true because every trade has a buyer, and it has traded a lot at $1 or higher).
When? 2017-18? when the hype about blockchains was at its peak and everyone was buying any cripto that increased price? When haejin was "predicting" that SBD would reach $100 USD?
That is not real demand my friend. It is speculative demand.
Real demand is when people look for an asset because they will have some actual use for it.
Speculative demand is fake demand. People are buying something just because for some reason or another, they believe they will be able to sell it for a higher price.
The price isn't zero yet because there is still speculative demand, mostly related to STEEM, that have some use (power over the Steem Blockchain).
Tell me one thing you can do with SBD besides buy and hope that the price will go up so you can sell with a profit.... Just one...
All throughout Steem's history. There have always been buyers. There have always been people with SBD sitting in their wallets because they want some stability of value.
Yes, and wanting value stability without needing to move off the platform to get it is real use.
Simple. Hold it so that the volatility of your holdings ON THE PLATFORM are reduced (not have to deal with exchanges, fees, KYC paperwork, etc.)
None of what I described above is speculative demand.
The primary value of SBD is that its value is a lot less volatile than STEEM (even in its current not-quite-working-perfectly form, but the more that can be improved, the more value it will have).
this is the only thing you wrote on this whole discussion that make sense.
And BTW, all the above you mentioned are speculative. It's all based on expectation of what MIGHT happen on the future. This is the exact definition of speculation.