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RE: Saving SBD - Proposal to Restore the $1 USD / $1 SBD Peg
This article made a lot of sense. If we want a stable SBD we need mecanisms and incentives to push the price in both directions and currently there is no incentive to dump SBD. I don't know all the implication but to me this seems to be a good idea.
A negative interest rate on all SBD can help with the peg. Should not be too hard to implement in an update I hope...
This would only be a temporary measure of course when the peg is out of wack by lets say 20% or something.
There is an incentive to dump SBD but it is a slow, plodding one, as more and more SBD is created to pay rewards and none is ever destroyed (because the only mechanism for doing so, conversions, are strongly disincentivized when SBD is >1 USD). This proposal would speed up the process so the supply and peg can better track demand in a useful time period, rather than potentially over months or years.