How does aging SD increase flavor?

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The longer I wait (up to staling) to eat my SD, the better (more intense) the flavor. Can someone explain how and why this works?

I also smokes cheese and it works the same way. Just smoked cheese is not half as good as smoked cheese that is eaten days or more later.

Dan

Toast

I'm also intrigued by this phenomenon, would love to hear more about it.