While somewhat true, we dont have a hyperinflation now, because the SBD is more valuable.
So refreshing. The vast majority of the crypto space can not separate monetary inflation from price inflation. They are not the same thing.
He states that we should have a mechanism now to convert SBD to steem, and that would Bring the price down.
You have this back to front sorry mate. The proposition is to implement a new mechanism that allows STEEM to be converted to SBD at a rate of SBDUSD $1.00. The mechanism you are talking about has existed from the beginning, but is currently hidden from the Steemit UI.
Actually the majority of the crypto space doens't know anything about basic economics. They only go with the hype, and the promisse that they will buy lambos.
Cryptos is a damn interesting economy ecosystem, with lots of different models being applied, but most of the people don't want to know that. And that is where they loose, when "investing" in things that don't have fundaments that make it have a long term value increase (like SBD)
STEEM to SBD is the proposal of some witness (wich i think will probably have a catastrophic consequence), but @buggedout wrote about that the conversion SBD to STEEM should be avaiable now to avoid hyperinflation. At least that is what i understood.
(SBD to STEEM possibility is made avaiable as soon as SBD is below 1 USD, as a mean to burn SBD.