Nice no-FUD analysis of the situation.
I don't think we'll see too much of a payout increase... with only some circlejerks having less VP it's not going to have such a huge impact...
on the other hand... if the inner circle does start selling off... we might even say payouts decline as the selling pressure pushes the price further down!
I still believe in the utility value of STEEM a lot more than many other chains, but as the money-pyramid seems to be preparing some sort of an exit, it'll be questionable if the application-layer can survive.
Cheers my friend.
I know ned and co will need to sell some as they always have done, though with them saying yesterday that hive cuts node costs massively, they will need to not cash as much as before to pay server/full node costs.
Moving their funds to bittrex also in my mind does not prove that they will be selling any at all, they may even use it to pump the price of steem and sbd, then we all win, though that is pure speculation, I prefer facts. :-)
Cheers, let's grow some hopium :D
I dunno, to me it all looks like Ned's pulling out. Let's hope the captain at least managed to buy a boat in the meantime so that he can continue his visions of grandeur.
Lol. :-)