Can you explain that? I don't see how raising the debt ceiling gives us a hedging instrument NOR how it helps us lock in gains without needing to sell into fiat or BTC.
In fact, if we had a proper Stable Coin we could actually do real commerce on here and then we could exchange SBD directly for goods and services with real world merchants....without needing to sell into fiat or BTC. That's what I want to see.
People bought SBDs at $3 speculating they'd go up to $5. That's not good for keeping them at $1.
With the changes, there's far less scope for SBDs to increase in price, so speculators will look elsewhere (STEEM hopefully). I believe that's the main motivator for the change.
I could be wrong though, it's happened before :)
Good to see you posting again, btw.
The best way to remove the speculative appeal of the SBD is to actually fix the peg mechanism by removing the Asymmetric Trading opportunity that the SBD currently offers.
Let's find out together shall we?
:)