I didn't mean to imply any negative connotation with the word "gaming". I think it does fit, though (in a non-technical sense). The word choice is not an essential part of my point, though. Call it "arbitrage" if you prefer. The main point is that although I know the correlation between the downturn of steem's price and the launch of the external SBD market is probably coincidental, until I see STEEM go on a sustained positive trend, I can't rule out that some sort of dysfunctional feedback loop among the peg, the 7 day conversion, the internal exchange, and the external exchange is a contributing factor in the decline.
If someone is looking for an opportunity for simplification, there it is.