You make some interesting points, but I have a different point of view on it. I don't have any interest in SBD somehow replacing USD. But I do think that it has value if the peg is reliable, for being more comprehensible to the general public and easing their transition to using crypto in a way that is not intimidating. And if the peg is reliable, it would reduce the overhead of anybody who would want to do business on the platform, by eliminating uncertainty and conversions between fiat and SBD...
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I understand your point of view. But do you have a plan when converters have significant loss due to feed premium?
Right now converters are losing 1/3 of their value by converting. That's a significant loss. What is the plan to address that?
They get $1 value of steem when convert 1 SBD. Its not a loss, rather selling just earns more than promised. But if feed premium is 50% they will get only $0.67 value of steem. I am asking this and please answer.
It's definitely a good idea to disable conversions in the gui in that situation, or at least have a prominent warning.
After all, conversions aren't desirable with a high SBD price, anyway.