I'm actually not sure SBD aren't without long term value. They're notes, debts, like fiat currencies.

This may have implications for investors I am ignorant of. I am NOT the smartest guy in the room in that respect, I am sure.

The whole reason for SBD, IIRC, was to ease folks into crypto by providing a token pegged to the dollar, which they could then more easily grasp the value of. I know of no intrinsic harm that comes from SBD being valued more highly, other than the failure of that ease of familiarity.

I think SBD are a target for sophisticated speculators because of the very small supply of them, which potentiates the pump and dump.

Further, I have heard top witnesses say that the peg wasn't so much to keep SBD from going up higher than $1, but to keep them from going lower. It was this feature of the peg that could help cryptonewbs to have confidence in the token.