it's going to incentivize the content creators and witnesses to do even less things,

Idea was to keep witness's inflation to same level as of now. And moving reward pool to multiple SMTs. The advantage of SMT will be that it can be experimented with different reward distribution algorithms.

SBD's being converted, creating more steem at these low prices

Unless SBD falls below $1, having large amount of liquid SBD is not an issue. However, currently SBD is a mess and trading 60 cents and ratio of SBD/STEEM is not incentivized to convert SBD to Steem.

Steemt Inc Selling off their ninja mined steem

Steemit INC can Sell an ICO for for Steemit SMT to fund Steemit condenser. Or, they can look for different funding sources. Selling insta-mining Steem in bear market is not helping Steem cause. I had another idea whose time has passed but may be a thought for future:

Steemit INC could have sold 5-10M Steem during bull market to invest fund for fixed income. Or, it can collect a fund from VC or potential investors (e.g. $20M) by locking an amount of STEEM, invest them in low risk income generating equity such as PHK or Real Estate ETF, it will earn $20K per month for eons. With that monthly dividends, several sleak nodes can be run and also, few remote devs can easily be hired for eons. Capital will be always locked with little risk. Most of physical offices can be relocated to cheaper places such as Estonia, Malta, or Estonia.