Maybe I’m Missing something, but I’m
Not sure how the witnesses could manipulate the price to counteract market movement. I understand it’s a debt based token but once it’s on the market how can they control the prices?
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They can't control the price, they control the supply. A basic market rule says that if supply is big, price is small and viceversa (this is not always true, btw, but most of the time it is). That's the only way witnesses can "control" SBD. If you look at what I wrote it's about keeping the system balanced and in good order. Not about controlling it. Delegated Proof of Stake is a very peculiar governance system...