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RE: Here's why Steem's witnesses should start paying SBD interest - today

Strong disagree. SBDs are currently overvalued relative to the haircut price, what we need is less incentive to hoard them, not more.

Think of the Steem ecosystem as a garden. Right now, it's being choked by weeds. We have a possible weed-killer and fertilizer (SBD interest)

There's no evidence that this is a weed-killer. What happens when you dump fertilizer on a weed-choked garden? Fertilizer doesn't selectively target non-weeds. The economy needs more flow and dynamism, not the stasis-inducing effects of people continuously doubling-down on their current positions.

This undesirable impact from SBD conversions

The SBD conversions are good, not bad. The results of them are desirable, not undesirable.

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The SBD conversions are good, not bad. The results of them are desirable, not undesirable.

I agree to a certain extent. But at the moment, increasing conversions are bad. It further increases virtual supply and inflation.