You have to realize - the "whales" have spent a lot more time than you have, thinking about this. Have you read the whitepapers and the other discussions? Do you have good market data that they don't have?
I certainly haven't had the time. Just my first comment re: "Steem Power should be auto-converted into Steem at the end of each month." - that will just be easier to game and harder to curate, and it's already mimicked on a 24-hour basis with your actual voting power.
I think Steem is a work in progress - and you have to start somewhere and wage certain guesses. While it might be easy to copy, the irony is that usually competitors are so vested in their way of doing, it takes a real visionary to catch the wake-up call that is usually given by someone else... and then it's usually chaper or easier for them to just buy out the guys who have already done it, so they can do it for them.
RE: A Controversial Way To “Fix” Steemit (Whales Will LOVE This)