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I think it is fine if steem is volatile so long as Sbd stays stable. This will allow content creators to stay in eth sbd crypto without having to trade in and out and will invite others to c Me in who need a store of value.

But if SBD stays stable and STEEM goes high, then powering up becomes much more expensive, if you convert SBD to STEEM on internal market.

Coin Marketplace

STEEM 0.24
TRX 0.21
JST 0.036
BTC 98033.04
ETH 3424.27
USDT 1.00
SBD 3.36