Very good question indeed.
In the internal market, the SBD is pegged to the value of 1$. Whenever the SBD is less than 1$, you might get more rewards by powering up ALL your rewards and not splitting it 50/50. This way you get no SBD but the resulting extra 50% Steem you get you get pegged at 1$
Or this is the theory, lol :)
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Anyway at the moment the blockchain produces no SBD at all, you get liquid steem. Which you can power up
