RE: Witness Discussion – SBD price and reverse peg
Steem is already difficult enough to explain and understand with SBD being worth about 1 USD.
With SBD being worth any random number based on speculator behaviors, confusion is added to the system. That doesn't help for mass adoption.
SBD's should be worth around 1 USD. But a smooth transition would always be preferred over a crash. Humans are emotional beings and herd behaviour is very much a real thing.
I'd say an announcement with a 60-day period before downward peg action is executed should suffice.