Changing the power down rate to 3 months (as opposed to 2 years): This is an extremely positive change that I could not be more happy about. One of my major concerns about the network is the fact that many large stakeholders were selling large quantities of steem without removing their status as the largest stakeholders. We need the ability to perform wealth redistribution. Yes, this may cause waves in the price, but the final outcome will be worth it in my mind: the constant sell pressure under the current system has not redistributed wealth. We still have the exact same set of large stakeholders.
This will be the end of Steemit in my opinion; the "waves" it will cause will be enough to crash the system entirely; when is this happening.
Cg
In my mind the price of steem is unrelated to the abilities the platform. Even if the author reward disappears entirely, the concept of a blockchain backed un-censorable social media platform still remains!
A shake out of 'killer whales (bad actors)', 'investors who want to get out and have no faith in the platform', may be good, as the current system I think ends up doing more long term damage to steem if they are constantly the ones in power while 1) keeping their status of power while continuously selling, and 2) being able to have extreme influence while continuously selling.
I think a shake up is needed!