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RE: Unpegged SBD: A Pointless Speculative Asset
The platform has the ability to peg the SBD. @reggaemuffin described a solution which opens up transfers from STEEM to SBD. The free market would push the price back down to its peg.
Whether or not the community wants to get behind such change is another question. And I suspect we probably won't get behind such a change. Which may be a missed opportunity or not. We'll see.
Like i said, the system already push the price down.
But the suggestion of some witness is to create a mecanism ti accelerate the price down.
But this might have pretty bad consequences.
Imagine if sundelly, the price started to fall 90% in Very few days. What Will happen? Panic sell start, wich would drop the price way below 1 dollar. The effort to Bring the price up again to 1 dollar would be way bigger than It was to Bring It down.