Hi Jerry,

Great post! My main worry as an investor in Steemit and it stops me right now from powering up is the following: 

Since we are still in the early days of Steemit I feel the majkr reason why people are worried about investing is the fact that whales have to much of a monopoly on the system.

I can try and sell the Steemit story to my neighbour but inevitably you will come the point that very few hold all of the coins and all of the power.
I don't see that as an issue by itself, good for them for being first, however if you do the calculations if incidentally a bunch of whales decide now to power down (last 6 days about 100000 steem is being powered down)  them thinking that the 1% a week (over 104 weeks) will take care of any issues with regards to inflation is I am afraid unfounded.
What made them decide to go for 104 weeks and why is this figure not adaptable. Ie, if too many whales cash out it probably should be 4 years in order not to cripple the system

I advocate that the whales should bring out either a combined statement saying they take responsibility of the economy of Steemit (they control it right now) until Steemit is matured.
The counterargument is that the whales don't want to cripple the system but I stringly feel there is very little protection if they all at once decide to power down and they are probably not even aware of this happening, there is no way Steemit will keep it's value based on the amount of buying interest right now. 

With the standard 100% inflation on Steem together with let's say hypothetically speaking 500k steem a day flowing from whales powering down Steem's value will most likely drop to depths that won't allow for a curation system that works.

So what protects us from this? I agree in the long term vision Steemit will grow huge, but I think if thie above happens before a mature economy is in place, with a failed curation system, it will not be good for Steemit.

What is the protection for new investors, having good faith?. Right now it is 100k a day and we had some huge power ups last week. But there will inevitably be, longer periods of uncertainty where the power downs keep coming and the investments might dry up for weeks/ months to come.
As is usual in economies. 
This is where I think that as long as Steemit is not in a mature economy extra safeguards should be in place ie. changing the 1% to 0.5% when less investments are coming in and vice versa sslacking it when a lot investments come in.
Interested to see what your thoughts are on this matter.

Also how do I get in touch or give feedback to the devs?

Update on the post, as a new investor I read the whitepaper and when I wrote this post I wasn't aware the situation is actually worse, we can now power down in 13 weeks.

I been trying to get an answer as to why this is but sofar I only see negative reasons for this as even with 1% a week the system can collapse the price.