The low price of steem is the issue and it then creates more problems as it's printed at a faster rate.
SBD has a cap of 10% of the total Steem supply based on fiat values. So when steem drops faster then SBD we see SBD not being printed and instead more Steem. This makes SBD more stable in price and causes more pressure on the price of Steem.
But in reality there isn't more total "value" being printed each day, it's just that it's all or almost all Steem vs a mix.
The low price of steem is the issue and it then creates more problems as it's printed at a faster rate.
SBD has a cap of 10% of the total Steem supply based on fiat values. So when steem drops faster then SBD we see SBD not being printed and instead more Steem. This makes SBD more stable in price and causes more pressure on the price of Steem.
But in reality there isn't more total "value" being printed each day, it's just that it's all or almost all Steem vs a mix.