Excellent points I think I follow you here @timcliff. Right now there is an underflow of SBD within the economy and perhaps not coincidentally there is a very very low rate of interaction on here right now with the users across the board. Honestly there really is no way to deny that even with the intentional decrease in supply it has brought steem value's down significantly by price and additional quantities paid out in steem per post--which is the exact opposite intention it was created. Getting to the SBD payouts in posts, if I do not buy anything that really requires me to use SBD (for example bid bots which have basically become the engines that fuel SBD consumption in the economy really at all and are a virtual surefire losing bet right now) why would my post payout be tied and beholden to SBDs? I get the relief they bring in having to produce additional steem in the event of price crunches but isn't this one radical turn from one direction to offset the other? With the ability to overflow the system with up to 4.5 to 5 times more in supply as of say right now isn't that a concern? At $5 steem that isn't much of an issue but what if whales that are unloading truck loads of steem right now keep doing this at prices even below $1 when this fork comes out? SBDs will become an extinct medium of exchange very fast on here for sheer worthlessness.
A very overachieving, proactive approach at this fork would have been having smart tokens ready to launch and take our chances with them working out desired effects that we hope they do in helping reflect the many varied interests of our economy here on steemit. It would seem to solve a lot of this angst that is going on within the community, but it is not even mentioned on this announcement. I hope to avoid sounding like Captain Hindsight, but here we are and we have what we have moving forward. Are we supposed to believe that continuing to bail out the bid bots massive losses since sbds/steem has plummeted and votes are more and more worthless that continuing to fund this losing endeavor with more of the same is a legitimate response to curing these ills? If I were manipulating prices of steem/sbd I would be terrified of a smart token, because now I have to track 10,000 tokens day one when they are able to be implemented and find which are good and which are worthless. Also in the meantime finding out what they are being used for and whether it's worthwhile to follow or not. That is a lot and I would love to hear your response here, I certainly am not venting this all in your direction but to the debate at large and what can be done, and preferably not pushed down the road by a CEO that is currently unloading their stake in the company at two year lows in prices at best.