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RE: Steem Dollar Stability Enhancements
I just find it weird to throw both STEEM and VESTS into the same market cap.
Technically they are not the same thing. They don't have the same value - VESTS need to be adjusted to account for inflation and opportunity cost that comes with the lock-in.
Although now that I think of it, my point on counting only the liquid STEEM is baseless. SBD is created in 1:19 ratio, all of the STEEM being issues as VESTS.