People have been holding bitcoin for years with zero incentives to do so. The only incentive is the prospect of a higher bitcoin price in the future. Steem by reducing the inflation rate also create this prospect.
The idea that you have to lock people to have them commit long term is wrong.
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That's my point. SP locks people in. There should be an incentive for them to keep liquid assets on the platform. A dividends for liquid asset holders creates that incentive.
My point is that reducing steem inflation from 100%-150%( today) to less than 10% is a big incentive to hold liquid steem.
The purpose of the holding period was to prevent people from dumping the hyperinflated steem. If you reduce drastically the inflation of steem you remove the purpose of the holding period, and so the holding period could be 48h it wouldn't be problematic.