Secondly, lowering the interest on steem power should be done asap. People are powering down, simply because they earn more interest than they lose by powering down. The high growth in interest makes everyone want to power down.
Can you explain this in more detail? Why would reducing the benefits of holding Steem Power increase demand for Steem Power?
When reducing the earnings for powering up from 0.6% per day to 0.19% as stated in the white paper, people will have less incentive to power down. While today when powering down, the earnings of steem power is still greater than the conversion from steem power to steems. If your steem power is growing even when you power down, why would you power up?
Secondly when doing this the distribution, which is one of the goals, happens also much faster. It takes only 25 weeks to get rid of 25%. At the rate of today it would take much longer.