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RE: What if we used the SBDs created every day in the DAO to buy and burn STEEM?
Yup. That's what i meant. More than stopping the service, we got to make use of the internal conversion to handle this the right way i feel. This would ensure that the price of SBD dropping below $1 would also not be possible or at the least extremely hard.
The community can do that should it become an issue. I remember gaining some extra steem long ago when SBDs briefly fell below their peg as I bought them on external markets and used the conversion feature to turn them into STEEM. Others did the same which pushed SBDs right back to a dollar over time.