yep, I am one of those people, and you've noticed... :^)
More users holding more steempower would not devalue the token, but depending on the number of newbies that cash out half, and then later all of their rewards, the exchanges could see increasing selling pressure and that would drop the value. Dan and Ned seem smart enough to have realized this, and built in some kind of control measure to cushion any serious drop.
I'm still fuzzy on the current level of mining, and wondering if it is still profitable to mine?
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