This is only my opinion. I am not an expert of money but I think I could represent a part of the community that I think also needs to be considered regarding SBD:
I agree with the removal of SBD in that it makes the economic set up of Steemit easier to understand, thus requires less thinking (and doubting) of deciding to join and continuing in the long run.
I myself have troubles dealing with SBD because I am not sure how to sell it. All I know is that I could convert STEEM to Bitcoin. Also, I think that the familiarity of the word "dollar" is not sufficient enough to compensate the complexity that SBD adds and the huge population that will be affected by it.
It was only upon reading the whitepaper when I found out about SBD's similarity to a convertible note. But I don't think everybody else would read the whitepaper as well. Or if they do, they won't be able to understand it immediately because they are not experts about money.
During conventions or promotions, I think we could just tell the listeners that:
- There's a currency called STEEM which is the same with Dollar, Peso, Euro, etc. It also goes up and down in value. You could convert it to Bitcoin and Steem Power right away.
- And then there's a token called Steem Power. Just think about "power". The higher Steem Power you have, the greater is your influence and effect to the community. Its value is equal to that of "STEEM" but it will increase in amount from time to time. However, you can't convert it to Bitcoin right away for you will need to convert it to "STEEM" first which will automatically weekly occur for 3 months.