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The SPS creates Steem inflation out of thin air?
That's news to me.
I thought the SPS was going to run on donations for a while to see if that was enough funding.

No, they reduced the author reward pool and created the SPS out of that inflation. That SPS inflation is paid solely in SBD though.

Sounds like the SPS creates Steem inflation :D

SPS usually refers to Steem.dao which received 10% of all steem inflation as a result of the hardfork. Maybe you are thinking of Steem Alliance?

There is a reduction from 28.125 to 26.5% =)

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