no steem power? Then Steem as a currency will fall.. no one would want to keep their Steem and hold it as Steem Power.. then there won't be any demand for Steem.. Steem who has a current value of $1.60 won't have anyone to buy it even for $0.016

And full time authority and hire people to do governance? the reason why cryptocurrency works won't have its core function anymore..

Who the hell will be in-charge then? It's true Steemit Inc has majority of Steem on their hold but again it's not one central party who gets to decide how much shall be rewarded to whom...

The present method also brings outside investment.. many have bought Steem using their own money..

Let's see.. you can't mine any cryptocurrency for free.. can you? For those coins with Proof of Work one needs to invest on hardware and also pay big electricity bills..

So what you have proposed will not only result in the fall of Steem Price.. but also will make things go in a different direction.. One user gives their Steem to exchanges for another currency and that same Steem is sold to someone else who wants to Power Up.. if the Steem Power option is eliminated.. then only a fool would buy Steem from exchanges.. if that happens forget 500 Steem for well researched posts.. even 5000 Steem won't have value of $1

PS: excuse my English but I hope you get the gist of what I'm trying to explain here