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RE: Steemonomics: thoughts on the inflation pool
as far as I know as there is actually a higher rate of inflation when people convert SBD to Steem as it creates more Steem supply that doesn't come out of the pool. (Is that right?)
As long as steem prices are dropping, I believe you're right (that's why there is a debt limit on the SBD tokens).
In times with steady steem/USD-rates or growing steem/USD-rates, then ... no, conversions do not affect the total supply.
Good to know, thanks. There are so many components involved it is hard for me to get my head around it all :D