@dragoaroua A question has been in my mind for the past few days, may be you being a witness will have an answer.
Why is there a debate on whether SBD price should be brought down so that it's peg to the USD is maintained at around $1?
This will make powering up or leasing SP even more difficult for newbies like me. Isn't it to everyone's advantage if the price of SBD is allowed to be determined by the market?
and it remains around the market price of Steem??
It's mainly because SBD was intended as a stable payment instrument. It's not really a token, but more of a debt-based smart contract on the Steem blockchain. If the debt-to-ownership ratio is too big, then the whole system may collapse.We're very far away from that situation, but it's a possibility.
I am not sure I understand how the debt originates...