My second post on Steemit was about the mathematical reality that if the total value of all Steem is less (or even close) to the total value of Steem Dollars, the system will break down (if there is a "run on the banks"). It's like backing the dollar with gold... except here the gold is Steem which is extremely volatile and is not guaranteed to have a value floor.

I agree with planning for black swan events (or at least admitting their possibility). If people want Steemit to succeed and they can afford to risk some of their investment/earnings for what they believe in, it may be advisable to not "cash out" of Steem Dollars for Steem. That is very similar to adding selling pressure to the market. It can have a doubling effect on selling pressure as a user may trade Steem Dollars for more Steem today than they would have got yesterday, and on top of that may then go to sell the Steem for BTC.

From a development side, considering the drop in the $ value of Steem, is it worth considering a 75% to 25% (75% Steem Power to 25% Steem Dollars) payout? Possibly there is a cleaner way to accomplish the same thing. Or would this just compound the issue because of how people would view it? I'm all in with Steem Power and am proud to be a member, succeed or fail. Another idea would be to have a maximum number of Steem the Steem Dollar could be worth (i.e. 1). People may not like this...but effectively that could happen anyway if there is a run on the banks.