Correct. In fact this proposal wasn't intended in response to the current pump at all. I started some private discussions of it prior to the pump even happening. The timing is a bit of a strange coincidence. The original concept goes back to last year with this post of mine, which was then implemented in the last Hive hard fork (AFAIK it was never implemented in Steem).
This is more of a longer term proposal to stabilize the price over time, and create a clear linkage between demand for HBD and demand for HIVE.
Shorter term pumps and liquidity issues need to be addressed different ways, including by improving the number of platforms where the assets can be traded. That's obviously also a longer term challenge and effort.
Oh, gotcha. Yeah, it's something that can certainly be used for our own purposes to help stabilize the internal pricing and to outwardly demonstrate both the intent of the token and the ability of our own network to handle its stability. So that would make sense to me.
I think we're just back to the same old issue of simply not having a large enough ecosystem and user base to have things like this properly functioning. Low distribution, low volume, and low liquidity always make the economic and pricing aspects more difficult to manage. We need more growth, we need more commerce, and we need more trading options, as you said.