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RE: Vlog 198: Enforce the SBD peg or not?
A lot of the witnesses are trying to inflate the supply of SBD by altering the the SBD/SP post rewards split. Even if you select 50/50 as your reward option, you are most likely receiving a 70/30 split due to the combined effort of several witnesses. This has probably helped lower the price to $6 from $15 a few weeks ago but we're not yet there. As long as SBD trades on external exchanges, we may experience SBD pumps.
I think it has more to do with the fact that the STEEM price went to $8 creating way more SBD's because the payouts went up a lot. Millions of new SBD's were created. This is why I believe that when STEEM goes up more in the future the SBD price will come down automatically and no need to force the peg right now.