It is indeed helping steem. And I think it was a deliberate choice of steemit to flood the market with sbd to cool the price. And as a scondary effect increase demand for steem. Personaly I liked it better before. It is just extra to constantly burn sbd, which I don't care so much for.
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"And as a secondary effect increase demand for steem". I could not agree more and if you combine this with the explosion in New Accounts I think this is starting to put a tremendous amount of pressure on the Supply. Demand is heading to outstrip the Supply fast..!! Stephen
Unlike you, Stephen, I'm in no rush. I miss getting huge amounts of steem at 13k sat.