As far as I understand it this means setting SBD and Steem at a 1 to 1 ratio. It would be as if I set Bitcoin Cash equal to Bitcoin. I think this is a credibility killer, if someone wants to destroy the platform I'd say this plan would get the job done quickly and efficiently. Please don't do this guys..
I think you misunderstood. Allowing a conversion from STEEM to SBD doesn't mean the price has to lock at 1/1. It could just be that it allows conversion back at the market rate so that market forces can operate on both currencies.
At least that's my understanding
Yes, you may be right here. Thanks for pointing that one out!