Three Reasons Why We Should Not Support Feed Premium

There are many proposal about SBD pegging and some witnesses are supporting high feed premium to pull down SBD price toward $1. Here, I would like to provide three short reasons why we should not support high feed premium for printing lots of SBD.

• High feed premium harms converters
  With 100% premium, converters will lose 50% of SBD value. One would say "They must not convert!", but there are still many conversions. IMO, feed premium proponents inform as many users as possible, and prepare a compensation plan for converters. If not, just publishing premium feed is irresponsible.

• Printing lots of SBD can be toxic when market is bearish
  Printing SBD is actually printing STEEM. If we printed 20000 SBD yesrterday, it can be said that we printed $20,000 equivalent STEEM, which is about 20,000 STEEM at the current price. The thing is when STEEM price decreases 50%, 20,000 SBD will equal to 40,000 STEEM. Winter is coming (as said always), and we should keep this fact in mind.
  About 6 months ago, there are many posts strongly arguing for high feed discount to convert(burn) more SBD. SBD was about 2 million but we burnt about a half of them while adding selling pressures on STEEM (Be noticed that when SBD converted to STEEM). It is easy to say print more SBD in this bullish market. But the fruit would be bitter in bearish market.

• There is no real harms with high SBD price
  With high SBD price, authors must be happy because their rewards are overvalued.
  The thing is about merchants. Some say broken peg prevents people to use SBD, or high SBD price gives them volatility risks. However, the answer can be simple. 1) Regard 1 SBD as $1. and 2) accept other payments too, which is very common in merchants (i.e. cash only shops are rare, visa-only shops are somewhat rare too). If merchants accept SBD as $1.5, they will add some demands for SBD towards $1.5 and it will exacerbate the peg.
  High SBD price is bad only for those who buy SBD at above $1. I think they deserve it because the community's promise is 1 SBD = $1. They broke the promise due to speculative purposes and all the risks are theirs.

Thanks for reading and any comments are welcome.