Nice explanatory post @geekgirl. I will share it.
I like the idea of memos being private by default.
"If Steem locked up, less of it will be used for daily transactions." - Wouldn't it be better using SBD for daily transactions as it's more stable?
Namaste
Atma
yes you are right sbd would be a better fit for regular transactions. However, I don’t think there is enough of it. Also, as long as there is SP, users will likely choose to convert sbds to Steem and power up. This would especially apply when steem price is lower than sbd.