The main argument of many against cryptocurrencies is that it has no intrinsic value. With this now i hope we get to shut down the argument of those no coiners. Having backed by gold or silver helps end speculation bringing stability in the price of the coin. This would help during major crashes . Those who buy during bull can switch to this new platform and save their hard earned money and get back up when the crash is over or much better they can buy the dip. This is exactly what some people are doing with the tether.

I think the SBD's were also supposed to act as stable coin pegged to US dollar. If SBD's peg wasn't broken then it would been a lot beneficial during crashes.