While it does what you describe, at the same time it empowers big abusers as high power circles and self voting whales - of which we still have quite a few who nobody takes care of. On the backs of the majority of small and new creators.
As I said before, cent vote farms should be approached by blockchain analysis, not with an approach that hurts honest cent voters.

About SMT replacing the steem pool I have no strong opinion, I can see positives, but your remarks have some validity too. I don't see external exchange listings as too critical because of the option to convert internally and use steem for on-/offramping, and the demand for a bandwidth token can not be evaluated before SMT are live. But I certainly agree that it should not be a short term priority, we need to see how SMT are accepted first.

Regarding the stablecoin I disagree. But I also still value my holdings in BTC instead of fiat, and want crypto to replace it ;)