https://steemit.com/steemit/@dragosroua/sbd-trading-at-usd1-2-closer-to-the-peg-poloniex-still-disabled-and-some-ramblings - SBD should always trade at $1, it's in the Steemit design. Witnesses (me included) are doing a lot of effort to maintain this peg which is very important for the health of Steem. The pressure on SBD is artificial and toxic for SBD.
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I think it's impossible to maintain a peg without price manipulation. If this is supposed to be a free market, there should be no "pegging" in the first place IMO. :]
We certainly have a different understand of that, probably because we have different levels of education regarding crypto. I would suggest very gently that you read the Steemit white paper (probably more than once) in order to understand how the peg is created, how it is maintained, what is DPoS and why this is better than PoW.
Peace :)