No, there are plenty of posts that explain how the payouts work. If the system worked the way that you described it the amounts of steem created would increase when the price goes down. That never happens, the inflation rate is predetermined and it is not tied to the price. Go read the white paper at page 26 Current Allocation & Supply.
Also, have you ever noticed that when the price was higher the SBD payed was greater than what it is today? In your model you have a fix SBD payout...think about that.
RE: [ENG]The psychology of investors applied to Steem. // [ITA] La psicologia dell'investitore applicata a Steem.