@tolkatore, I went and looked at your profile and discovered that you have a real distaste for SBD. I'm trying to understand your point of view. I think that bottom line is you really don't like the fact that SBD doesn't hold the peg. I get it. I would prefer that SBD to hold itself against the US dollar. Us Americans have a difficult time understanding different currency prices. This is because we grew up with a single stable currency system. It is really difficult for us to wrap our heads around change.
I think you misunderstand economics. You wrote:
There is nothing stopping the Steemit programmers from perma-pegging the SBD to the USD, they just haven't done it.... yet.
You can't just write into code a value of currency. You can try printing new SBD and flooding the market with SBD to lower it, but that will backfire and force high interest payments which will come from STEEM. That would hurt the Steemit economy. The problem is not the code or the peg mechanisms. The real reason SBD is not holding to the peg is that there isn't enough of it. Other coins started out with a massive supply and everyone just buys the supply at a set price. SBD didn't start out with a supply. The only way to create SBD is to generate it through rewards. We only have 14.8 Million SBD created so far. That is an incredibly tiny supply. Compare that to another coin with an incredibly tiny supply (Bitcoin of 17 Million supply). Bitcoin value is at $7500. Since we are no where near $7500, I'd say that our system is doing a hell of a good job holding SBD to the peg.
My point is that all the manipulation in the world is not going to peg SBD when the real factor is supply.
Removing SBD wold be a terrible thing to do. Getting rid of SBD would remove a huge source of growth for Steemit. SBD plays a key role in growth by creating an avenue for investors to essentially pay Steemians for the work that they do. The price above the peg is caused by demand. Demand is good. Whey people buy up our SBD, they are putting money in our pockets. That incentivizes growth on Steemit. Getting rid of SBD would be a huge blow to our economy. It would also never give SBD a chance to build up a supply large enough to allow the peg mechanisms to work.
Either way, I'm done with it, until they figure this mess out.