Dear @partitura

Great publication and solid read. I'm sure you're aware that your title is very catchy (good click-bait:)

May I ask you a question? Wouldn't you think that all those new tokens are reason why currently price of STEEM is so low? After all people who are investing in those tokens, usually they are doing so by trading their STEEM and it results with increased selling pressure. Just curious what's your opinion.

I have the feeling that as time goes by, the total value of all Steem Engine tokens, expressed as value in Steem, will be larger then the total amount of Steem available

What if PALnet (and others) will create more ways of burning tokens (sending to null, the way promoting post does). Would it change anything?

Is that a tenable economic situation? If a sizeble number of Steemians decides to extract there vaue from Steem Engine, the system might collapse. In effect, the classical bankrun.

You nailed it. That would surely be possible. But very unlikely to happen.

Yours
Piotr