Great post. Well thought out and broken down to see the different aspects. I dont think a big proportion of people be they speculators or newer authors really understand what an SBD is. I am baffled how they can be worth more than STEEM.
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Thanks. Indeed the market seems to have got it wrong, but it's kind of understandable if you think in terms of the market caps of both STEEM and SBD. If 9 out of 10 Koreans pumped their money into STEEM the 1 out of 10 still moves the price of SBD more that STEEM because there is far less supply and a much smaller market cap.