@yabapmatt the SBD wasnt made to be a peg. if you read the bluepaper atleast. and the high SBD price is amazing for creators. if it dropped back to $1 i would be very disappointed and lose a lot of the interest i had in this project. let the free market work guys.
its steem BACKED dollar. meaning it will always be exchangeable for at least $1 worth of steem. the paper never mentions it being made to be pegged to one dollar. let the market work. its working now and its benefitting the entire community immensely. trying to artificially drive the value down sounds like a terrible idea and is contrary to the decentralized nature of blockchain currencies. please guys do not do this. not only will it be bad for creators, it will be HORRIBLE for our public image as well. people will say oh its centralized. look they can artificially manipulate the price of their currencies. that sounds a lot like fiat! do NOT do this. it is a BAD idea.