With higher value of Steem, the amount of sbd is on the rise as it is. Seemingly the only reason for a sbd pump is for investors to push up the price and make money off of other investors with the dump. In the meantime, this brings a lot of money into our market, people are buying more steem as a result, as well as having the opportunity to pay for real life necessities. Dramatic steps to inflate supply of sbd would be detrimental to user base at large.

Some have even suggested eliminating sbd all together, which is equally as foolish, imo. This would not funnel all of that money into Steem, investors would simply find another token with low enough volume to pump.

It's not a bug, it's a feature which is currently bringing a lot of value into our economy at no additional expenses to the blockchain.

Thanks for writing this, it's a subject many of us have been thinking deeply about. There is no simple answer, but immediate result is that the community benefits.

Currently anyone who wants to operate a business with crypto must accept the risk and potential reward of volitility and deal with current market rates. With a feelers token such as sbd/Steem it's already a lot simpler for those businesses.

Over time sbd will inflate in volume quite naturally, investors will become more educated, and markets will stablize.

Another concern I have heard about the reverse conversions is that it would allow internal speculators too much freedom to manipulate the market. I agree, sbd is pegged to steem. Steem is not pegged to sbd.

Thanks again.