And the downward pressure is assumed. Do you see STEEM having problems with its price with a shorter PD time? In fact, price is higher than HIVE.
Pressure goes both ways. Nobody in their right mind would want to play with a low liquidity coin where slippage becomes a real concern.
At 3% default interest, with +8% default inflation and another on average 10% inflation from conversions, there won't be another side to the downpressure. But I don't think that is a big issue. But there's just nothing compelling about lowering it either.
Nobody will come and buy, unless some FOMO can be generated. You can get more and risk-free without those inflation issues on other platforms. And then I don’t have to chase curation rewards either to beat the average inflation.
I don’t know what’s going on on the other chain. Couldn’t care less, I don’t call that, and its overlord’s empire, a blockchain. But I think JS doesn’t want any haircut.
Anyway, I stick with my original reply. ;)