High volatility means ridiculous cognitive load (who the hell wants to adjust their subscription amounts every month, and for creators it means adjusting requested sponsorship levels for status or benefits) and also less willingness to hold onto the coin for non-investors.

The whole crypto ecosystem is moving rapidly toward stablecoins for everything other than explicit investment/speculation. Agree with parent comment.

Also agree that improving the demand/economics of STEEM is an essential component of fixing SBD, though not the only one (also needs an upper bound peg to stop pumps).