it gives the impression of a dysfunctional system, and it is. it's difficult to take the whole thing seriously when 1 of the 2 key assets is failing to match its peg by a mile. we're 100% -200% OFF with SBD since over a month and somehow it's becoming "normal".

the reverse converse idea by @timsaid would guarantee that the price of SBD would always be around 1$.
https://steemit.com/sbd/@timcliff/saving-sbd-proposal-to-restore-the-usd1-usd-usd1-sbd-peg

since the hardfork a reverse converse is NOT exploitable anymore as @smooth explains
"in the system as it exists today, if someone were to convert STEEM into SBD and produce a large amount of SBD, it would no longer be fully convertable into STEEM, either immediately or after a price drop. The whales in the above-described situation would end up with 50% less STEEM than they started with, obviously not a very attractive 'exploit''

so what are we waiting for?
i hope the @steemitblog team and witnesses address this issue as soon as possible..
"wait and see" makes no sense. even if a steem pump would force more hands to sell SBD for Steem, the problem would reappear even worse during a Steem bear market.
the SBD peg should function regardless of market trends and it can do with @timsaid's suggestion, which would enable the setup of a vibrant marketplace bringing even more value to Steem.