I would increase the cap of maximum, voting effective Steem Power to about 5000. Then it would be equal for everyone. Past 5000, Steem Power should not have any impact on voting but it should keep their value share in the blockchain and value towards Powering Down.
Also there should be a a daily cap of Steem Dollars. We shouldn't be allowed to earn more than 5000 SD a day, from our posts (And actual 2500 SD after 50% share being taken away).
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Those caps will have negative repercussions. What if someone spends weeks or months developing a sidechain application for Steemit and then releases... only to receive 5k when they've actually added a huge amount more value to the platform. It disincentives things like this which will drive demand and growth in the future.
Capping voting power at a fixed rate disincentives holding Steem Power, resulting in more powering down and fragility in the system.
So I think the best way would be to cap curation rewards as a % relative to Steem Power. I'm not sure what it would be but as a reference wang is at around a 100% simple interest increase per year.
Once that cap is reached then the larger SP holders have the incentive to instead focus their efforts on market cap appreciation. Which means mass adoption, diversity and a sustained form of growth.