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RE: Switch your posts to 100% power up! SBD price now in the gutter.
You can always convert an SBD for $1 worth of STEEM (function in the blockchain). So when STEEM is 10 cent you can convert an SBD to 10 STEEM (over 7 days). This works even though an SBD might trade for 50 cent on the markets. This is how the peg is maintained on the underside.
Yea you are right, I always do that too
Exactly. That way - SBD is a lot more valuable in a bear market in comparison to STEEM.
EDIT: I did some extra research. I think I found some limitations in the whitepaper. I wrote about it in my blog.