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RE: % of Author Rewards to be Paid in Steem - Tuesday 13th onwards...
To my undestanding after this very complex wording is that an author will additionally get steem which he would then convert either into Steempower, Steemdollar or transfer to Poloniex/Bittrex and trade into bitcoin?
Authors get less SBD, and get Steem in place of that. Rewards in $ terms are the same, they just receiving it in a slightly different form. To your latter points, correct.
Apologise for not wording this in a simple manner. I could have done better...