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RE: Why the price of Steem is surging.
I am usually skeptical of market manipulation stories. You can move the market with real buys and sells, but in my view it is not possible in a way which leaves with a profit. On the other hand market manipulation is where you change the of an asset by buying or selling it at a key time, in order to affect the price of another asset. An example would be a trader buying spot to affect the settlement price of a future.
If I understand it correctly, they don't/didn't do it for profit but for the "greater good" of the platform. When you are willing to lose money so others can't win you can surely break things.
When you look at the longer run of the SBD price you can clearly see it was pegged until their peg got broken on Nov 22nd by a Korean exchange.
The question is: What keeps them from pegging the price again? For example at 9SBD per 1 US$. To me it kind of looks like that and they do it by inflating the currency. Did you notice the big gains you can get for upvotes lately? All that gets pushed on the market to keep the price down.
I could be wrong, but this all feels to me as if they are willing to go on "printing" SBD to keep the price ratio to the US-$ stable again. I guess I'll have to wrap my head around the article first that discusses the matter..