I'm not saying it'll decline in value and fail, simply that it is very unlikely it'll command the network effect, liquidity and low volatility required to back a stablecoin. Currently, we are so far off that, yes, it probably renders the whole discussion pointless.
But not to be totally unproductive, at the very least, I'd like to see significant changes in the SBD protocol. For one, printing shouldn't scale with only a 3.5 day moving average on such an incredibly volatile asset that swings 99% within a couple of years. (Yes, I'm aware this ties into overall inflation, etc., another discussion)
As long as SBD stays within manageable debt (<5%) at all times, I have no issues with it continuing to exist.
RE: (Very) Basic stuff Steem needs to fix: my personal list