I love the way you outlined the SBD / steem relationship. SBD is like an instant reward for those who blog. It is the reason why those who cannot invest are on steemit today, especially now that you get much lesser Steem power for at post payout than it used to be when steem price was less than $1.
No matter what the case may be, I still think a high SBD price is good for majority in the steem ecosystem.