I am very happy that you guys are ready to just completely change everything you have designed before.

That said there are a few things I don't like.

1. The changing from SP lockup phase from 2 years to 3 months I don't like at all, since this is now neither short nor long term. I think it is fine to keep it at 2 years. The reason for the price collapse was not that coins are locked up 2 years, but that there is a huge inflation rate.

2. I overall don't think the inflation rate is as much of an issue or problem since the price no matter what will reflect the value of the platform long term. That said changing the inflation rate makes sense.

3. It seems that holding steem will not be as useful in the future and SP loses a lot of its value? Was that part of the design?

4. Overall i think the most important aspect we need to fix is to allow value from outside the ecosystem to flow into the ecosystem aside from buying coins to invest. Advertisement is one model, but because I think adds exist everywhere we should focus on other models. I have proposed a bounty solution to bring value into the ecosystem. Please think about how to bring value into steem via the social media aspect vs. just the financial policies.

5. You will not be able to fix the economy by changing your financial model. You must work on building a way to create value for users. Today the focus is on too few users that make too much. You must change the system so that more users have a a benefit of engaging and joining steem. Again my bounty solution aims at that.

Overall I am impressed at your ability to adjust, but i feel you are not touching the main problems. You are focusing only on the financial model. A bad financial model can be destructive however you must also focus on how to get many users and reward them for being active.

Key things I would change:

• Pay more users less money vs few users much money
• Allow people to vote for what they like vs what others like
• Bots should not have an advantage over humans (currently bots are better curators than human)
• Make sure content can be valued and voted on over long times vs "news" type content that is valuable for one day only on steem
• Allow me to vote any time (vs only 30 minutes after which my votes are worthless)
• Curators should be rewarded for activity and loyalty and not for picking popular content within the first 30-60 minutes of creation

Overall, thank you for making this place better and better every day!