Hello @greer184; first, allow me to say: thanks for this well-explained overview of the issue at hand. You've touched on many things I think are important. I agree with you on many fronts.

Firstly, where we agree: SBD should and must return to $1 in order to serve any rational purpose on this blockchain. In addition, there are some real issues with the irrational SBD that are hurting our community here today.

But introducing a reverse conversion is not the answer, at least not the way it's currently being proposed. The current proposal does not do enough to protect the community against bad actors with deep pockets.

What started off as a comment I was writing here ended up as my own post on why the witnesses have the right idea but the wrong execution.

TL;DR: We need a rebalancing of reward payouts first, to curb the stakeless actor problem. When that's taken care of, we can talk about gradually bringing the SBD price to dollar parity in a controlled manner.