Thanks @rycharde you make some really good points which are helpful to the overall understanding and I welcome your comments as you have some great knowledge around this topic. Do you think that making those few percentage points profit from conversion is worth it, if it just leads to such a dramatic increase in supply of STEEM (perhaps most people's key investment).

Yes that sentence is a little confusing and lacks a bit more narrative - I'm going to remove that to avoid any confusion for future readers. I don't keep my SBD and I don't see a lot of use for it at the moment - my mindset is convert to STEEM (and power up).