Your analogy of sheering vs. skinning the sheep doesn't really work. The sheep is the Steem market, but there isn't only one shepherd deciding whether to sheer or skin it, there are thousands of Steem holders. I may decide not to dump all my Steem tokens, but if the rest of you decide to dump, the sheep still gets skinned and I miss out. In other words it's a "tragedy of the commons" situation, where the demand for Steem tokens is the common resource, and the Steem holders need to race each other to fill the demand before it runs out.
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