@taskmaster4450le wrote

So you feel that Hive got it all right the first time and should not adapt?
find this a highly unlikely scenario.

The idea of long power-downs and super 1:1 backing of Steem Dollars, comes from the reality of the hot money. Hot money is money that gets invested quickly but will just as quickly leave. It is not money of long term investors. This can be large amounts. They buy up Bitcoin and raise its price, and then sell after some time crashing the price back down. This is what hot money does.

We want to avoid problems that Luna and Terra had. Steem was written just a couple of years after the failure of Nubits, which was the first 'stablecoin' cryptocurrency. Nubits lost its peg. There is tremendous pressure a popular stablecoin undergoes when the Bitcoin/USD pair goes down. BTC goes down and alts will tend to be pressured downwards as dollars leave the stable to go into bargain priced alts.

A fork that is planned is described by @taskmaster4450le as:

....With Hive, there is a haircut rule meaning that when the percentage of HBD (by marketcap) reaches a certain percentage of HIVE, then the blockchain stops producing the HBD. Thus, there is an initial limitation to the amount of HBD that can be out there based upon the total marketcap of HIVE.

People invest their time and their money into this blockchain with certain expectations. Hive Dollars are bought with the expectation of 10:1 backing with HIVE,. This is the understanding people had when buying Hive Dollars or the underlying assets of Hive, or powering up in Hive. If you can convert the stablecoin then the volatility goes into Hive, but adding volatility to Hive makes conversion less feasible because you're ending up with less value as Hive goes down during the conversion process. The ability to convert Hive Dollars into Hive with a 3.5 day delay while Hive is in free fall (with USD) is not a real comfort.