Good lord! This makes me so insanely bullish on STEEM.
I think this can solve so much of the bad press and bad UX that have hindered adoption of crypto in general.
This solution is decentralized and can be applied to lots of other fields. Very similar to the way private law would operate in a Voluntaryist society.

The fact that STEEM has the vesting feature just makes it all that more robust.

So let me get this straight.. first you find a way to onboard non-crypto people into the crypto world.
Then you find a way to make POW non-ASICable (by posting, commenting and upvoting).
Then you figure out how to effectively peg a cryptocurrency to the USD.
Then you find a way to make transactions on a blockchain free.
Then you find a way to build a browser side open bazaar.
In fact pretty much everything is browser side for the masses to just type www. whatever and begin...
Now this genius free market solution to preventing theft!

Hat's off to you and your team...

As I said in one of my very first BitSharesTalk posts "Can we get a couple of full time security guards to guard this dude's house while he free's the world from tyranny?" haha!