In part the reasons are different, and I think Ned covered that in the interview. Previously STEEM as hyperinflationary so it wasn’t reasonable to hold it as a currency. SP obviously can’t be used as a currency because it is locked. So SBD was needed to fill that gap. Now that STEEM is no longer hyperinflationary the gap is not as large. I still think SBD has value, but the need is indeed reduced.
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Thank you. I have just spend hours posting on various comments related to this to get the answer I was finally looking for. Thanks for getting right to the point so simply.
I wouldn't hold Steem (other than Steem Power) as a currency though, would you? It's too volatile to hold.
Sell it or power up is all most people would do, right? If too many sell, the price drops, if too many power up, the price rises. Removing SBD would mean there's no place to hold Steem except to power up, the rest would be sold. Who and what benfits from that?