Your last bullet point was bang on! No vision.

And yet, without a vision, people are willing to destroy Steem. Why?

No SBD because it's complicated. maybe they should just hide it instead. Lots of financial products are complicated for most people; should be do away with mortgages, insurance, annuities etc etc just because they are complicated?

A pay-to-play utility token - another brainwave to create another meh-coin. Another dreadful idea because nobody knows how to create a decent economic system.

Will this stop the actual coin creation? No. So where will those newly-minted coins go? or, rather, to whom? cui bono?