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I read somewhere that 50/50 was better because SBD were trading higher than expected, so you could get more STEEM by trading SBD for them than you would get from the 100%... Is that no longer true/was it never true?

SBD is trading at 1 Dollar on the external markets today.

Today, sure, but isn't volatile enough that in a week, when the payouts happen, there might be advantage to having gone 50/50?