I'd like the witnesses to keep paying out the SBD hand over fist until it's back to $1.
The fact is, pump and dumps aside, it's irrational for someone to buy 1 SBD for more than US$1; and the ecosystem was designed assuming people would act rationally, so all of the safeguards were built assuming the SBD might need to be pushed up.
I doubt anyone considered it would ever need to be pulled down.
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That's true but sadly for us markets are not rational and the safe heaven function for an SBD is therefor not working at the moment.
And printing more SBD's is not that easy when the STEEM price goes down as well. (I get more and more liquid STEEM for my posts in the paypouts).
All those SBD's need to be backed in the end by STEEM.