Wait.. so let me get it straight. One of the reasons of SBD is losing its value is partly because it is having too much SBD floating around; so to keep the value up there must not have too much supply in the market, and by that you are suggesting to power up to 100% so that more Steem Power is produced and less SBD produced?

So if that is the case the value losing weight just shifted from SBD to Stem Power, is it not?

That doesn't look like a long term solution, because from my observation there are as still a lot of "counterfeit money printing" (as I like to term it) existing in Steemit. People are spamming posts with contents not belonged to them and using whale services to "boost" their values.

I see it as one of the root cause that SBD value is dropping like stone; besides there may be some who are frantically converting Steem / Steem Dollars to BTC (for storage).
That, would be my take.