Appreciate your work.
I think you're mistaken on the Steem/SBD. If folks really want SBD, then they can buy it in the market. Maybe that's happening, which could help push Steem down, but it still protects the value of SBD. More SBD would be inflationary, reducing its value. But when folks have to trade for it, it minimizes the inflation.
As for Steem, it is what it is. We enjoyed a little bubble for a quick turn, but now it's payback time. When anything gets bubbly, it tends to overcorrect. Eventually it'll bounce off a level hard enough to support it and never look back. Hopefully it'll find it's market norm and won't get bubbly again for a long time.
Well, my primary concern regarding SBD at the moment is that the debt-to-ownership ratio will eclipse 10%... Under those conditions, there will no longer be any attempt to peg the SBD to the USD, and its value will rapidly decline.