I appriciate the kind words.

WHat youre describing is called gershams law. Bad money chases out good. that is to say if one type of money is better (either because its likely to increase in value or because its less likely to decrease) people will hoard the "good" type of money and spend the bad type of money. This is precisely what happened with gold coins in the latter part of the 19th century. (because gold was increasing in value more quickly than silver)

Thi shas played a role, but its a symptom as much as a cause. Because the thing that makes sbd better than steem is the fact that steem is declining in price. In early july, im sure steem looked like the better money