The white paper doesn't really say much about making sure the price of SBD doesn't go above $1, it just has an interest bearing mechanism that can be kicked into effect to add value to SBD to keep it from going below $1. I'm not sure why anyone would be so concerned that the value is going up. I think it very likely is due to speculative investment, but forcing a crash isn't going to help anyone.
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The language surrounding SBD in the whitepaper and the way it functions in the system make it obvious the intent was for it to be a dollar peg.
"forcing a crash isn't going to help anyone"
Crash is such a violent word. Correction would be better. It should correct over time. The only way to get SBD is post rewards and to get the most you need Steem power. That drives up the price of Steem which in turn causes more SBD to be printed which will increase the supply and drive down the price.
It is definitely meant to be a peg, but the only forced mechanism it has is one that exerts upward pressure. The opposite effect of enforcing negative interest would not be very reasonable. A correction is better, but I call it a crash because that looks like what's being attempted here. Someone who is extremely wealthy hoarding as much currency as they can with the sole intention of dumping it at once to lower the price is not a correction, it's a manufactured crash.
only been here a week, and the infighting is incredible, for two days berniesanders, and the rest , I still have no idea why everyone is fighting, guess I will work it out in time.