We don't need to do any of that. We can just let the bad debt sit there and allow the HBD peg to fall. This wouldn't be any worse than what we are already doing. In addition, we see that these Black Swan events are usually just volatility. Ethereum crashed from $200 to $100 but is now already back up to $180. If MakerDAO had just allowed that bad debt to sit there everything would have probably worked out just fine. In my opinion, they focus much too hard on stabilizing DAI rather than keeping the network secure.

This.