The inflation was over 20% last year because of the conversion mechanism implemented from SBD to Steem. When the price of SBD is below 1$ people print more Steem out of thin air plus the current information rate that decrease every 250000 blocks.
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post was helpful to clarify.Hi @chesatoshi. I finally understood what you said. This
It is not easy to understand this subject!
The distribution of rewards must be done with STEEM and SP (50% - 50%).
Then we noticed how we received SBD. Without prior notice the blockchain policies are changed.
This gives a sense of improvisation. Which generates distrust.Hello dear @chesatochi.
What do you think about it?
The ecosystem stop to print SBD when the price of Steem is pretty low but I don't know exactly at which price. This happened at least twice in the last year.