Thanks for sharing your DeSo thesis. It's very detailed and thorough. I really ought to do something like this for my portfolio as well...

I would add that I think it's important to ask who's been dumping DeSo over the last two years and to speculate on why this is. If those same people, such as early VCs or miners, still hold large bags and the token gets a new influx of users/money, will they cash out again??