Basically. He's saying that when you convert using the internal mechanism, you will lose because SBD is more than $1. However, if the value drops significantly below $1 and the price of Steem also drops, the 3.5days conversion will lead to drop in Steem price due to increased printing from the conversion.
Basically. He's saying that when you convert using the internal mechanism, you will lose because SBD is more than $1. However, if the value drops significantly below $1 and the price of Steem also drops, the 3.5days conversion will lead to drop in Steem price due to increased printing from the conversion.
Yep
Well supply is only one component in price. But increasing inflation definitely should not be expected to be positive for price.