but with the SBD conversion we had last year arround 15% to 20% increase in steem supply. I dont think it will destroy something if inflation goes to 4%.
In future if the reward pool is shared with 10 times more users, that will be also feel impossible to earn a lot of steem.
So it makes no difference.
SBD conversions are going to stop at some point. When steem starts to go up, sbd creation will do the opposite, it will reduce the inflation of steem, making it very scarce.
So SBD Is bad in bad times and is good in good times. It just makes steem very volatile, so that when it crashes, it crashes more than other coins. But when it pumps, it will also pump more.
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