Of course the biggest whales are against it. They are not the ones who either need the liquid Steem to give it real use case like buying food etc because they have personal financial stability and secondly, they are protecting their positions of power!
Do we want Steem to be a viable FIAT alternative or not is the simple argument in this proposal. Let individuals decide their own level of risk aversion . These scare tactics are a nonsense argument put forward to frighten people .We know the risks in the Crypto space.