There is benefit to SBD trading above $1.00, as you mentioned above - but there is harm as well. The main reason behind SBD was to provide a stable currency that merchants could use as a currency in their stores. If it ends up being a non-stable currency that goes up and down based on market fluctuation, then we might as well get rid of it and just stick with one currency - STEEM.
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Yea, I understand what you are saying, but I just feel like we are missing a trick here. Right now the market is telling us that our Steem Dollars are really awesome and valuable. How do we take advantage of this? Is it just making 50/50 posts and sell dollars on the external exchanges?
I was just wondering if there was something the Steemit system could do to leverage this...
One idea that has been floated is being able to 'reverse convert' - to create STEEM out of SBD at the rate of "one dollar worth" - which would reduce the supply of STEEM and give converters a 50% gain under current conditions. With the current blockchain though, there is not really a good translation between SBD demand and STEEM demand. I wish there were more of a connection to drive up STEEM based on demand for SBD!