Steem Power is not going to have demand no matter what the inflation rate is, as long as it is hard to buy Steem Power by the mainstream user. In my opinion effort should go into UI, UX, ease of purchasing Steem Power, security for Steem Dollar peg, more utility for Steem Dollars, more gamification elements to make people want to hold Steem Power.
I share a lot of these thoughts, but speculators can add value to Steem in the form of market liquidity.
The cash out rate should be dynamic in my opinion based on the market cap of Steem if we are to add a change at all.
Do you mean lessening the rate of powering down if the market cap is lower? I strongly disagree with that idea, stakeholders shouldn't have to guess what they may or may not be able to power down in the future.
I think stakeholders shouldn't "invest" in Steem Power with the hope of a ROI in the same form they bought in. I think if you buy Steem Power it's because you believe in the long term the utility of Steem Power will increase your actual wealth in the form of "feature access" and attention economy benefits. These benefits aren't clear now because we need a million users or more, and a lot better build out before it makes a lot of sense, but if someone believes Steem could really challenge Reddit then holding Steem Power is like holding Reddit Gold on Steroids.
I also think it's possible to pay people dividends or make advertisers buy Steem Power. I cannot understand the strategy of trying to get money from a very small group of speculators in the crypto community who barely have a billion dollars as a whole and probably wont choose to put it in Steem or Bitshares no matter how hard you try to attract this very tiny demographic.
Advertisers on the other hand are a huge demographic and then you have customers who might subscribe for VIP or premium service which is also a huge demographic, and are both mainstream demographics.
And yes I think it should be dynamic. I think when the price is going down the speed we power down should decrease indefinitely. This would make us all want the price not to go down no matter how much or how little SP we have. When someone has a lot of SP then being able to power down faster is going to be attractive no matter what the market cap is but for someone with very little SP maybe they wont mind if powering down is slower when the market cap is lower. We should at least discuss this idea.
Why should we reward people for an unprofitable platform?
That's setting network rules for heavy handed top-down market manipulation in my eye.
Price is down? The network forces everyone to cut supply. Totally artificial. I don't like the idea.
If you think that is bad then let's keep everything as it was set from the beginning. But if we are going to manipulate then it should be adaptive to market cap and not to transient preferences. There should be a formula which determines things and not public opinion.