Is Steemit Reneging On Its SBD Debt?

gonzo(69)
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Since we can no longer destroy SBD to create new steem, what is the purpose of SBD?
Is it just unpaid debt that Steemit is reneging on or am I missing something?

Also, timcliff@timcliff, since this seems to involve you.

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Is Steemit Reneging On Its SBD Debt? | Ecency