These economic destroyers are literally in favour of destroying X7 of Steemit's value. Complete and utter insanity! And for what? Because of "muh fiat currency"? Hey, you're obviously rich enough to throw away 700% of something's value, so why don't you gather some of your millions and create your own Dollar-pegged cryptocurrency?
Another of their crazy arguments seems to be that it "wasn't meant to be this expensive". Well, just because something "wasn't meant to be" doesn't necessarily mean we should force it to become what it was MEANT to be? Antibiotics weren't meant to be medicine; it was an accident that created this life-saving medicine. Does this mean we should ban antibiotics? I mean, it wasn't meant to be medicine!
Great analogy!
And I agree, High SBD value is also helping people in countries like Venezuela, where you absolutely have to look for ways of earning foreign currency as salaries from local jobs are ridiculously low...
High SBD does indeed attracts more people to join