Perhaps one day all the steem will be powered up and be worth its weight in gold and keep rising from there - then SBD might be all that can be rewarded or traded. Perhaps. You certainly know your stuff Jack - nice post.

This Knight simply takes the view - buy Steem (equity) now with the SBD (debt belonging to tomorrow) you are being rewarded with and in 5 years you will be living the dream as the equity (which is no longer freely available) is being rewarded with massive amounts of debt which you can freely spent, never having to trade out your equity.

Or something like that - or maybe it is just the Dimple talking.

https://steemit.com/steemchurch/@sirknight/sirknight-and-his-12-year-old-dimple

Cheers mate.

SirKnight.

PS - I will have to check out BMJs post - as you know, I despise 'upvote bots'. To demand payment for the love the you are granted for free, is unconscionable. This is where Steem fails as a free market and if Steem fails - the bots will be the cause. Those running the upvote bots should be out there growing this ecosystem by curating as the are supposed to.