I'm not sure if this will be possible or if this is safe to the environment. But why isn't adjusting the payout percentages for the entire platform considered a solution today? Like for example, if SBD starts going up above $1, the payout should increase in percentage for SBD and decrease in STEEM. In this way, there will be an influx of supply of SBD and the demand will decrease. It may be complicated but I guess it may work to keep SBD price from getting out of hand if payout percentages will adjust for all users as needed.
One problem that I see though is the huge chunk of STEEM that is currently sitting on the exchanges, especially in Poloniex. The prices can easily be manipulated by a few whales on exchanges. I hope that there will more incentive to those who keep their STEEM powered up.
that's exactly how it works now, it's done via witnesses' price feed. But the supply increase is inherently slow and the effects are seen over weeks or months.
Ohh, I didn't know about that. Thanks for letting me know. If that's the case, people should start realizing that SBD is bound to correct soon and they should start powering up or buying liquid STEEM now when the value of SBD is still high.