@anonymint im pretty sure that the dilution caused by steem power rewards to bloggers is supposed to be offset somehow by part of it being paid in SBD, though im not really sure of the mechinism for that yet.

that said, im not trying to be a dick, but you really suck at making your case here, which is easy as hell to explain without bringing in the creation of steem and steem power. I have an MBA and your explanation was so bad you confused me into thinking you were wrong, when you were actually mostly correct. You could have won this argument 20 hours ago if you weren't making it needlessly complex. (see my post above for why its compound, and not simple interest)