I wonder where it goes...

Last week I asked if anyone could do some blockchain math for me to see how much was coming out of the pool. Hive account@paulag was one of the group who crunched some numbers and found that for the week 18th – 24th March, the amount of SBD sent to the bots was 75.70K. On top of that, almost 6.5% (~13,000 Steem) of all Vests earned on Steemit are paid to bidbots through curation. Pretty incredible hey? Oh, this is only on the known bots.

Ever thought where that 75K in SBD goes? It is liquid after all. Now it has a value of about 150K US dollars but, it did have a value many times that in recent months. Perhaps they are buying other cryptos? Which ones I wonder? I like thought exercises and following where my mind leads.

One of the soft rules of investment is to invest into what you know, that way you have an understanding of the changes and how it might affect the markets. Of course, sentiment drives the markets too, I wonder what kinds of sentiments live at Steem, what holds sentimental value?

Steem after all, is a Hive account@dan creation, just like BTS and... EOS. Do you think that sentimental attachment to 'what one knows' would influence buying behaviors? I wonder, bidbots would make it possible to keep Steem vests growing through curation while creating the liquidity needed to buy-in to some other currency (for example EOS) without ever having to risk personal stake. It could be able a hedge bet with no cost or risk perhaps.

Those buying from bidbots who could use their SBD to do something else with are taking the opportunity to pay for a bit more Steem at the cost of something else. Funnily, 30% of all author SBD Rewards were sent back to bidbots during that same week and remember, that the bidbots only made up 1.5% of votes cast.

Of course, this is purely my own speculation but I think that would mean that the people who are here taking the most from the community could also be the same ones buying into the new community on the horizon. As far as I have been able to gather, that is going to be stake backed too which potentially means, the same people are likely to have the most stake. People being relatively habitual, I am guessing that their behaviors aren't going to shift a great deal from platform to platform.

It doesn't really matter at the end of the day though does it? It is their SBD to do with as they choose as people have happily sent it to them to gain access to their portion of the pool. For me now, there is very little more I can do or say except to run personal thinking exercises and chase the ghosts in the pool of my mind. For a few SBD you can have access... only joking. I will write it here for free.

It is late here and I am tired so perhaps my mental chase wasn't the greatest. Business as usual as they say.

Taraz
[ a Steemit original ]