RE: Witness Discussion – SBD price and reverse peg
I like this idea. The two way conversation allows the market to correct the price down to $1 and the price is pegged from underneath to prevent it from crashing.
If the STEEM price goes down to $1, then that is simply a buying opportunity. We should not care about preserving the market price but building instruments that behave as intended. SBD has little use now, with this change, perhaps it can return to being an ecosystem currency.