Imagine the face of horrified investors when they see a group of stakeholders trying to stabilize a "stablecoin" and in the process reduce the circulating supply of the native asset. Jokes aside, picture the sentiment of the casual SBD investors when they realize that they were a victim of a pump and dump scheme of a "stablecoin".
Anyway, as I said before all of this discussion will be a moot point once the next hardfork goes into effect. I am very confident that the economics of having conversions from hive to hbd will drive its price closer to a dollar and increase the demand for hive...unless if a big enough group of stakeholders opposes the change by voting out the witnesses that are driving this initiative (I don't see that happening).
I get it, having a high valued secondary coin is good for content creators. That is the only compelling argument I have read across different posts and comments on the subject. The calls for preserving the sanctity of the "free market" in the presence of a pump and dump scheme ignore the fact that the stakeholders that are trying (emphasis on trying) to align HBD to its intended value are valid actors in an open market.