Is the simple fix not to just increase the reward pool via HF?
That would result in a bigger distribution of STEEM, causing people to earn more SBD.
This would allow SBD to go back to $1, while allowing users to be paid much more, e.g. their $10 post could be worth $100.
A stable SBD allows for authors to be certain about their rewards. With the current high flux, a $100 post could pay out 50 SBD, but that could be $500 or $50 by the end of the 7 days...
RE: Still in Defense of a High SBD: Why Witnesses Should not Implement Steem to SBD Conversions Now-