I think we should allow creation of steem like timcliff suggested, however I would add a little fee to it: something like 5-15% which could be set by witnesses similar to the price of steem. The fee could be burned, creating further price increase for steem.

This would keep the price close to the peg right away and be awesome for steem price. It would create demand for steem and reduce money supply.

Also it would make Sbd usable for the entire crypto space and make steem relevant.