If anything it should reduce the Steem on markets as those who want to invest in the Steem ecosystem only have one choice.
if all I had was Steem I would still have 2 choices. Power up or sell my steem for BTC or fiat. No different than now except I would have to decide the minute the Steem is earned to avoid the volatility.
Exactly. So you without it you either choose Steem or you don't. There is no Steem lite with lower risk which is how I'm starting to view SD. By holding SD you don't take the volatility risk.