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RE: Speculation killed the STEEM DOLLAR Utility
Thought I did upvote. Fixed.
But I don't see any mention of a USD peg in anything you quoted. It's still relatively stable as it's worth about $1 of Steem right now. A little more.
The only time it became unstable was when it jumped before the Steem price increased.
I really have no idea where the assumption of a USD peg comes from other than the fact it has a dollar sign in front of it. There is no mention of the USD anywhere.
"Merchants need a currency pegged to their unit of account, normally dollars."
OP seems to confuse 1 STEEM with $1 worth of STEEM ...