Btw, it continues, sigh:

https://steemit.com/steem/@anonymint/who-pays-for-the-blogging-and-curation-rewards-part-2#@anonymint/re-sigmajin-re-anonymint-re-sigmajin-re-anonymint-who-pays-for-the-blogging-and-curation-rewards-part-2-20160812t203259261z

@sigmajin:

All the vests in the steem system are compounding at the same rate

There is a relative debasement happening hourly between preexisting SP and newly rewarded SP. You can't capture that without an hourly series. Please do try to go understand what @arhag and I discussing.