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RE: Altcoin inflation has been a major drag on prices!
SBD hasn't been pegged to $1 ever since the debt limit of 10% was breached, which was months ago. Your graph is likely significantly off. The inflation will be higher than expected during those times when sbd can return more steem than it "should" and lower when it doesn't. Which should help cancel out each other over the long run.
Yes, that's true in a bull market SBD printing helps lower the inflation of STEEM, but unfortunately we have more and longer bear markets than bull markets 😂