RE: I submitted my first hardfork pull request to the Steem blockchain! (Updates to the SBD print rate.)
The fact that SBD is never pegged is cause its trading on the market, once you put a currency on the market its hard to maintain it as pegged value to something, it's impossible. And I agree with the other folks above, higher SBD contributes for better Steem gains, because when SBD is high a lot of people change SBD for Steem and then they power up, they have a chance thanks to SBD to get a better stake hold on Steemit.
Removing SBD will affect bad on the Steem coin, when you take SBD from people they will be forced to power down because they have to life from something and thanks to SBD they can cash out and spend them outside the crypto market. I think the current system is perfect and any change on it can cause a damage to this community.
This is not really accurate. If SBD were removed (I say 'if' - there are really no proposals on the table currently to actually do this) users would be paid in liquid STEEM instead of SBD.