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RE: ALL IN: Putting My Money Where My Mouth Is.
I use SBD as a value indicator as well. The fact that we have been well under $1 at the 60 cent range shows that the alt-market is incredibly oversold. Once Steem moves back into a bull market we'll see that volatility go the opposite way. No one liquidates SBD for Steem when SBD > $1. This cuts our inflation in half and makes us even more volatile in the upward direction.
Yep, everyone talks about the inflation increasing when SBD gets printed at higher prices, but when things stabilize like they have, the inflation is actually lower than advertised.