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I definitely think so . I mean it's pretty sweet earning SBD right now :) here is an analysis I read with the same theory https://steemit.com/bitcoin/@haejin/steem-dollar-sbd-is-surging-could-sbd-be-a-leading-indicator-for-steem-check-out-these-charts

but for many its not sweet to spend SBD on boosters etc and then get Steempower in return? You spend 20SBD and get 12SBD back and 8 SP..so the incentive to use boosters/upvoter bots is reduced?

That is true. I guess leasing some Steem Power is a good option currently

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