RE: Witness Discussion – SBD price and reverse peg
There's absolutely no point having two volatile tokens on one blockchain, with one of them representing a debt on the other. This is a two-token system with an explicit purpose for each of them. If we're not going to even attempt to peg SBDs as intended, then we should just get rid of them altogether.
The argument that "It will reduce post rewards!" is a piss-poor one. There's more to growth and stabilization of a blockchain and its tokens than "Let's reward all the minnows!"
We have tools available for pegging. We need to use them. There's no sense in asking for more parameters/functions when the current ones aren't even being used by most witnesses. Try actually using the current tools. If that doesn't work, we can try adding new ones. If those don't work, then we'll have our answers about whether or not a peg is realistic.
If we don't want to be bothered with any of that, then get rid of SBDs. That is not my preference. I think there is great value/utility in having a stable currency/asset for this blockchain. But if nobody cares about that, then we don't need to waste time and effort trying to peg it and we don't need the added risk of a debt instrument.