What's the point of SteemPower outside this text-content/blogging system that was the premiere first app?

I have a better question for you. Whats the point of SP at all?

Protecting steem price by forcing people to wait before selling? We've seen clearly that It doesn't. It just makes it take 3 months longer to rip off the bandaid when many people want to sell.

Making the invetment more appealing? With SP incentives mostly gone, it doesn't. It just makes regular steem look less appealing (partially becasue of the dated information in the white paper, but also because why buy the currency if i can't get the full benefits of ownership without a 3 month committment).

There is nothing wrong with a POS based system. But IMO it would be better to let people buy and hold their stake of their own violition, not lock them into a contract like some kind of scammy CD club. Yeah, locking them in helps keep people from leaving, but do we rreally want to be in the business of holding investors against their will? Especially when the cost of doing so is that it prevents many from entering in the first place.

The entire concept of powering up is a ham-fisted attempt at market manipulation.