Excellent, detailed update. Thank you! Again, I'm happy to see both technical and non-technical content on this account.

Question relating to account_subsidy_pool_cap and account_subsidy_daily_rate. Will Steemit, inc be providing some suggested values for these prior to launch? Steemit is the main faucet, but there are others as well and it would be great to get some training on how these changes will impact the ecosystem. We want to avoid account creation spam and name squatting, but we also need to ensure the entire point of these changes (making it easier for companies to bring millions of users to Steem) are available to us.

I'd love to see the witnesses along with app developers working together to test much of this on a testnet prior to launch. I'm looking forward to more information about that. Thanks!