As you can see the price has already started to fall and I am not surprised! SBD was created to stay afloat on a one to one stability factor to the USD.
The Price Feeds on SBD are definitely incorrect, for such reasons I am not surprised by the yellow message on Poloniex. The disabling deposits and withdrawals is a security measure imposed by STEEM to minimize the abuse of conversations on Mitigating timing attacks.
SMD is actually created to have short-term corruption of the median price feed. It is expected that community will actively work to correct the issue. With a one week window community members have three and a half days to respond to any issues that come up. This system is set to place to vote-out corrupt feed producers.
The Impossible trinity, which states that it is impossible to have all three of the following at the same time:
- A stable exchange rate
- Free capital movement
- An independent monetary policy
Is actually exactly what Steem is going for and was going for when they developed the currency and platform. Part of their independent monetary policy is their debt-to-ownership ratio presets which is to sit around 5% percent most of the time. With the intent to fix itself if it goes any higher or lower than 5 percent. Long story short we want the SBD to be as close to 1 dollar as possible, even under 1 dollar if it has to be because we still receive interest payments if it goes below a dollar. Once the the SBD reaches a point where it is greater than the dollar it is only a matter of time before interest payments are stopped and it is a good indicator that the debt-to-ownership is not where it is intended to be. I believe this going to take a full community effort to vote for witnesses that can be counted on to adjust the price feed and interest rates according to the rules outlined by STEEM.