I am new to this community and this whole STEEM thing, but according to this article, I thought SBD is pegged with $1 worth of STEEM at any given time. So in theory, if STEEM value drops, the pegging system should reduce the circulation of SBD if SBD<$1 worth of STEEM (meaning I could exchange more STEEM for a single SBD)... Am I missing something here?
RE: How Steemit Payouts Work - A Beginners Guide