I think the problem is that everyone assumes that SBD is a stablecoin. It has a floor not an upper bound. It is different from stablecoins out there. The real stability comes from adoption and growth which has not come yet. Trying to make this into a stablecoin with manipulation will have negative consequences.

I think the first step is to stop calling SBD a stablecoin. Even long ago Dan Larimer explained that SBD has a floor and not an upper limit, but everyone still today believes that SBD should have an upper limit.

There is reason to have SBD. Just like the US dollar has a US Savings Bond. It is a mechanism that generates revenue and growth in an economy. Removing conservative safety mechanisms to control price is a bad thing.