So, we can expect another dump, when forging start in 2 days?
15,000,000 LSK, thats about 41,000 new LSK in circulation every day ?
Correct me if I am wrong
In circulation doesn't mean that all the delegates will sell their ~480 LSK every day (or at least I hope so), but yeah it means that there will be more than ~48k LSK everyday.
I guess we will see soon enough how everybody will be keeping their promises they made to become a delegate..
480 LSK a day is a serious amount and I hope and assume they will indeed be used for development and security rather than personal gain.
95% will be sold for BTC.
90% maybe too lot, some of them must be real lisk lovers, maybe 50 of them will sell.
A delegate can only be certain of his spot for 101 blocks, i.e. a round of about 17 minutes. After one round he might not be a delegate anymore. Therefore, there is constant pressure to deliver their promises.
Beside that it's generally not a good strategy just to sell all forged lisk, because while you can do that in POW without weakening your mining power, in DPoS it makes a certain amount of sense to hold some of your Lisk for a time and increase your weight.
(This is the main reason I don't think profit sharing delegate will really work. The concept is flawed, they give away all of their new weight, and they will sink in rank-)
Of course keeping everything just for weight is as bad as selling all. The best solution as usually is finding something of a balance.
But all things considered the sell pressure will be much less than people thing based on POW experience.
