I'm powering down and leaving Steemit. If the witnesses get what they want and I'm sure they will get their 1$ SBD , then there will be huge consequences and it'll look like another Bitconnect. This isn't decentralized. Witnesses are like the Feds, having control over a market, the power to destroy it. If the reverse conversion happens, what makes you think they won't do the same for Steem to hyper inflate it? Lost of trust. I'm sorry, I loved Steem, Steemit in the beginning and had great times here, met great people like @steemitqa though to me Steemit is going downhill. It won't be just be me leaving, many others will
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The witnesses want what's best for the platform long term. Why is this in question? To compare STEEM to Bitconnect is absurd. Witnesses can't "control the market." How would we? Why would we implement a policy the community doesn't want which then lose us our position as a Witness?