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RE: Is SteemPower Useful for Other Blockchain Apps?
I see Steem Power as what separates the Steem blockchain from other crypto tokens. Apps that want a Proof-of-Stake style voting system with an integrated incentive to vote (curation) will be drawn to Steem instead of the hundreds of other tokens.
Once Steemit and its partnered apps become more popular, it will draw a large number of investors who will drive up the price of Steem and encourage the early investors to 'cash out'. There will be early adopters that hang on but I think the centralization of Steem Power will diminish if we can achieve mass adoption.
Let's avoid taking the current growing pains of the platform as a reason to destroy our economic moat/defining characteristic.
I agree that we shall not run too quickly and change the whole Steem/SP model. BUT, in my view Steem requires more services and apps quickly to be able to stay relevant. I do not believe Steem can survive only with blogging services. I have the fear that the way SP is implemented today, it'll prevent others from selecting Steem as the currency for their services. I can tell you, I have an idea already for some time for a service using a non-FIAT currency, and I'm here to understand how Steem/Steemit works to see if Steem can be that currency. I cannot come to a conclusion yet, but thus far, Steem seems to be a bit too chaotic to build a service on which shall feed people (read: employees) mouths.
Except theres no reason to believe they would want this sort of voting system, and even if they did, they would want proof of stake in their app, not steemit. Why would someone elses project reward SP holders with influence, they would want to reward stake holders in THEIR app with influence.
The rest of the comment is circular logic. It will become popular because people want it and people will want it because its popular.
It's hard to reward people if your token has no value, and despite the current fall of the STEEM price, the token is still rank #15 in terms of Market Cap. If you create you own token you will not likely get anywhere near that value (ask the 690 tokens below Steem) and therefore will not be able to distribute meaningful rewards.
I think you are missing my logic. The app developers are already working and Steemit itself is still actively in development. I think our turning point will be the roll out of communities which is what will bring order to the current stream of posts (subreddits were a crucial part of Reddit's success). The increased popularity/adoption will be driven by platform/apps improvements, I may have lead you to believe that it would magically appear (poor writing skills ... I'm an engineer).
I do believe the balancing needs some tweaking in the rewards/influence curves, but these are refinements, not a change of the current system.
Im not sure you understand what the term "growing pains" is.
Steem is shrinking in virtually every way. If you want to describe the pain in a physical way, "contractions" might be a better metaphor than growing pains.
I'm looking at growth as a function of development of the technology, not active users or the price of STEEM. The technology is the key to growth, Steem is currently far to early in its development to be measuring its success by the same metrics as fully developed platforms.