Totally agree that one of the biggest fundamental problems with Steem blockchain reward mechanic is that there is really no incentive to hold SP. The tiny bit of curation you can get by holding SP is basically not even worth mentioning, and the increase to 50/50 curation won't change that. As you point out, what you can earn as an author has nothing to do with how much SP you hold. Another fundamental problem is that there is no real sink either (nothing that incentives burning Steem tokens), which actually would help the price way more than an incentive to hold Steem. A start would be Steemit, Inc taking a queue from palnet.io and getting rid of the "promoted" tab, and putting posts that people promote by burning Steem into the "Trending" tab. Maybe if there was some way to know ahead of time how much Steem you needed to burn to get onto the front trending page, people would actually burn steem.
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Some kind of Bruning mechanic or real advertisement revenue sharing would be a huge step forward. The Steem blockchain model more than any other puts the inflation so much in your face while for others this is mainly hidden.