The non-liquidity of Steem Power seems to be a double-edged sword. On the one hand, powering down is a very slow way to access cash when you need it. On the other hand though, this is what makes Steem one of the more stable cryptocurrencies, minimising the pump and dump that we've seen with several others.
The "low throttle" of the powering down process is what makes Steem the slow-burner that it is, which, as @jerrybanfield hopes, may reach to $10 before long.
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True some challenges remain but its a work in progress. Things will get better with time.