SBDs have also been referred to as half-pegged. Some don't see an issue in the value going above 1 USD. It still means the authors get at least the value in USD, no problem if it is more. The opposite is not true and there the witnesses should intervene.
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Where are they referred to as half-pegged?
https://steemit.com/trading/@cryptographic/what-is-going-on-with-sbd
It's more complex than it seems at first sight. Do we really want to peg to the dollar? What if the dollar gets to hyperinflation? And how far can you try to correct to the negative side? We can't 'print' SBDs, it's a fixed supply. Pegged cryptos are a strange thing.
It seems pretty complex to me so it must be even more complex!
Whether we want it to be pegged to the dollar is not a question for current management practices but a question for revising the stated purpose of the SBD instrument. We should be doing everything to keep it pegged or change things so the peg isn't even a goal.
If it's not pegged then we don't need it and the blockchain should be changed accordingly.