There's a difference between transaction history, curation rewards, and author rewards. Take a look at [Rewards] > [Author Rewards] to get a better idea. Looks like it's mostly in SBD, which would make sense considering he typical invests long-term.
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Yes, I see he’s making some good rewards but he’s not collecting them. This is the confusing part. If you don’t want to collect, then why not decline payment and let the rewards go to someone else? I say hit the collect rewards button in your wallet! 💰💰💰
Hmm, you're right. New tokens are created at yearly inflation rate of 9.5% - maybe the return for claiming your rewards sometime in the future is greater than the amount you receive yearly in interest holding SP? I'm guessing at this point.