You mention an important point that the market will figure out, but history is witness to the fact that the market often takes a long time to find out, and when it does it often comes crashing down.
Eventually as and when SBD comes crashing down, you mention this
A crash in the price will cause those who trade on the open market to lose money. Yet Steemians will be protected unless they are sitting on SBDs.
My question is, will this also not impact Steem price also because to the outside investors, trading on exchanges, its another currency from the same blockchain, so if goes down, they may panic sale the other.
At the same time, I want to power up as much as possible before something like this happens.