The Steem blockchain has approximately 9% yearly inflation based on the USD marketcap of STEEM.
Of that, 75% goes to the rewards pool.
Approximately 75-85% of that goes to authors. (The rest goes to curators.)
Approximately 40-50% of those author rewards are paid in SBD. (The rest goes to SP.)
But is there not in fact a way to cause more inflation to the SBD? I thought witnesses could tie up more Steem and thus create more SBDs, hence causing inflation past that point.
Edit: I think I'm confusing myself now. This was likely in fact what was talked about implementing.
Happy I'm not a witness currently. You guys have a lot on your plate.
What you describe is not supported.
We have a way to increase SBD production by using a bias on our price feeds (telling the blockchain that the marketcap is higher than it actually is) but a lot of witness including myself are against doing that.
I can see why. Nevertheless, I hope this topic does not rest and that we at some point get a human group consensus as to a solution or that we decide simply that it's not worth keeping SBDs in the form they were attempted to be implemented.
If nothing else, we should make sure everyone knows (through UI, wikis, updated white papers and otherwise) that their price could fluctuate wildly.