I for one, enjoy the volatility - mainly because it's been on the uptrend ever since I got here, investing $100, my account is now worth $200 (once I get all my payouts). Locking up steem power is quite important in reducing volatility and maintaining price. Plus, it's an investment and does encourage people to participate rather than just cash out all the time.

Not only that, the rise of the steem dollar now means posts are worth x4 more than displayed on steemit.