The reason SBD peg is broken is a technical one. We have a technical fix. It's irrational to me to say "Ah, this is broken, we should get rid of it" before we even know what value it could provide when it works as expected. Do you see that perspective? Have you thought about the value a working, stable coin in the STEEM ecosystem could bring?
The conversion was removed because the SBD peg was broken. More people want SBD than the original white paper planned for and the concerns it mentions about a reverse conversion may not apply now that we've reached the STEEM marketcap we have now.
Users leaving because of expectations being out of alignment has been going on since day one of STEEM. When it was more of a lottery people could be educated easily to reset expectations. Now that we have pure linear curves, it's not so clear. Not all of this is SBD's fault. In fact, a stable, working SBD could fix some of it, IMO.
Thanks for the update on Zappl.
Yeah we can see the argument, but then the issue comes to once sbd is manipulated again and it will be. The conversion will be a problem once again, i fail to see the value honestly. Its dumped a fair bit even by popular big staked people. Which you can find the data on, i do know some big guys funnel it into stake or bots but on a basic user stand point were not sure.
But we will be fair and look over the documentation and discussions you have provided. It's only fair to look at the other sides view point. We just pro push steem forward in any way we can, with the delays we have seen mostly everyone want's some progress to happen.