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RE: Steem Prices Rising And You - Not So Awesome (SBD, Steem, and Steemians' Wallets)
I'm more asking which situation is correct, the one in my main post, or the one here. Caveats can come later.
The main caveat is that, well, if the "correction case" is correct, SBD has an even larger downward push power when Steem rises, due to more of it being pumped out, while Steem's rising count is chained in SP.
Aha... I completely missed the part of the main post that is misleading, about "getting less SP the higher it is". The main point that was missing is that rewards start from STEEM, not from the $ amount displayed on the UI, and that is fixed and affected solely by SP and votes.
So the comment in this thread is what is correct. STEEM price doubling -> rewards doubling.