What did these people do before blockchain? Work maybe?
This isn't really an argument. There are a number of big whales on Steem 'earning a living' from it and many people around the world earning a living from 'blogging'. Even @taskmaster4450 mentioned in a recent post that curating could become a job!
I'm always interested in what peoples end-game is here? How long do they hodl? When exactly is the right time to actually use funds? Everyone's idea is different. I've been reading a lot of posts recently from people who are beating themselves up because they were greedy and didn't take profits last year. Is this a mistake that many of us could make again?
Anyway, we are looking at different cultures, level of wealth and starting perspectives. We are all of course mainly talking about African and Asian members of the community who have zero engagement and pull and sell everything so if perhaps we put ourselves in their position of mainly having very little, would our views be altered?
Common sense all round is needed but again, large stakeholders have influence and should use it as they think is necessary to benefit the wider community, so we all have choices to attempt to improve the token price.
I think a more relevant statistic to look at would be the number of tokens sold out daily compared to the number staked. I think this would help us get a better overall picture of how our token economy is coping.