I think any manipulation of the SBD value (directly or indirectly) goes against the founding values of Crypt-currency. If we begin to manipulate these free market cryptos we are essentially returning to the same issues that existed in the FIAT markets.
You are viewing a single comment's thread from:
SBD was never designed to be a free-market crypto. In fact, it's production schedule is based on the USD price of Steem. SBD production is already dependent on fiat and tied to it. We already have Steem as a free-market crypto. So, it's not a true "free-market crypto."
Second, a peg would not be manipulating the market. We would open up conversions from Steem to SBD which would introduce more SBD into the market so the artificial scarcity that is pumping the price would be relieved.