I agree here. With it pegged relatively near 1 USD, the conversion rate is still shit atm. Unless steem value compared to fiat is meant to go down ad infinitum...

So that's why ppl would rather just hold it in bitcoin or maybe another altcoin that has the chance of rising more than SBD. Or am I crazy? I'm crazy, but not always wrong.
edit; tho the sbd interest is more guaranteed than rise of other coins...it's just...not that simple! plus Ive read witnesses write on the prolems that ppl accruing the sbd interest can also have on the economic system