I appreciate you working through your reasoning. The SPL system is so complex with a million moving pieces and so many tokens already. About the only thine we have been able to count on is overprinting of assets and depreciation of value. And of course the whole enterprise getting less and less attractive to newcomers. It is very worrying for SPL, and even more frightening, I do wonder what this scrambling in SPL can be doing for overall Hive value.
!PGM