One consequence of this which I think is undeniable:
If there is no SBD, then only speculators will hold their money on the Steem Network. Everyone unwilling to hold speculative tokens (Steem and Steem Power, neither have much practical utility today but may have some in the future) will be forced to exit their payouts immediately for short term stable currencies such as the USD.
Also, for how long are we going to keep radically changing the economics of the Steem ecosystem? How can we possibly expect businesses to build up around Steem if the ground keeps moving underneath them?
I certainly expect radical changes continue for years, but I get what you're saying. We need a level of stability and SBD gives us that.