Inflation is like your $1 in the early days like 1900 or something can buy you a ton of items while today your $1 can just buy you a sandwich.
Inflation is like if everybody has 1 gold and someone threw 100000000000 gold at each person, this would devalue the gold as everybody has that 10000000000 gold.
Since everybody could buy that 1 gold precursor now, this would great a large demand for it making the precursor 1000000000000000000000 gold or whatever value it may stabilize in.
The SW chest doesn’t create inflation since it create 10000000000 items while not creating more gold. It creates a surplus of items, in which, you can buy more like 100 fangs instead of 70 fangs using the same amount of gold.
You know in psychology where they present you with the worst options and allow you to remove one option thus making you accept the bad options?
I think Anet is doing this to us to make us accept these changes. Like the NPE, they lowered the elite skill from 40 to 30 and made the skill challenges account bound. This reduced the flame from the forums and made people gradually accept the NPE (judging from the forum posts).
For this gem conversion, I guess they will likely introduce smaller increments to accept this and still would not revert to the previous system where you can say convert my gold to 1 gem.
TL:DR – I hope there would be no compromise this time, just revert it to the previous system
