It would be very difficult to peg SBD at $1 especially since it can be freely traded on the open market. I must confess that I recently transferred a small amount of SBD to Bittrex to gain on the price fluctuations.
If there were to be a mechanism that prohibits this then that would be a good start. I also read somewhere that people proposed to increase the supply of SBD to bring the price lower. That is a very dangerous proposition. The hyperinflation in Venezuela is the perfect case study on why increasing supply(in their case increasing minimum wage) is not the solution to everything.
You can't prohibit exchange transfers or free, open markets (nor would we want to). The point of the SBD is to pegged to $1 USD worth of STEEM. It's a completely different situation than hyperinflation in Venezuela because it is backed, according to a blockchain smart contract, by $1 USD of STEEM. It won't go below that because people will convert it to STEEM. If the debt gets too high, there are built-in mechanisms to deal with that on the blockchain as well.
You shouldn't feel like your actions need a confession. You're doing exactly what should be a done in this market! Sell the SBD to put more sell pressure on it to drive the price back down again. I'm doing the same thing on the internal market.
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