This continues a conversation ongoing in my earlier post found here where I theorize why SBD has been rising:
https://steemit.com/steemit/@investingpennies/how-the-steemit-game-has-changed-thanks-to-a-rising-steem-dollar
Whoa, have you looked at Steem Dollars lately?
For those who haven't been noticing the rising price of Steem Dollars (SBD), you're in for a pleasant surprise. Steem Dollars have risen to whopping $2.50+/SBD. It's the reason your posts are worth way more than you think they might be.
But one has to wonder if there are negative consequences. Actively acting as IOU receipts, the SBD peg to the USD is intended to provide stability to the system with its ability to always be converted into $1 worth of Steem. That sounds fine in itself, and even if a $2.50 SBD is only convertible into $1 worth of Steem, is that truly problematic?
What would be the consequences of a continually rising SBD? As long as the mechanism stayed enforced to only provide $1 worth of Steem, is it of any danger to not deter those who admire the thin supply of SBD available and who are willing to bid it up higher?
From the whitepaper, 
"The primary concern of Steem feed producers is to maintain a stable one-to-one conversion between SBD
and the U.S. Dollar (USD). Any time SBD is consistently trading above $1.00 USD interest payments must be stopped. In a market where 0% interest on debt still demands a premium, it is safe to say the market is willing to extend more credit than the debt the community is willing to take on. If this happens a SBD will be valued at more than $1.00 and there is little the community can do without charging negative interest rates.
If the debt-to-ownership ratio is low and SBD is trading for less than $1.00, then the interest rate should be increased. This will encourage more people to hold their SBD and support the price."
This suggests that there are possibilities of negative interest rates to be incorporated to bring down the value if need be. And to date thus far, we have been at 0% interest for some time. But again, I ask the simple question if the rising value of SBD proposes any threats at all?
After all, its not like the situation in the real economy where a rising US Dollar could spell a shift of jobs to other countries or make exports more difficult to handle. This is the crypto world... of what consequence is it?
Regardless. Cheers to the rising value of posts across the platform. I wish you all the best.