So after reading this and all the comments, having a momentary "blue screen" in my head, then recovering. I don't understand why the initial "Steem" bonus, or Steem Power given with the account creation can't just go away on its own - without needing any of the other side-effects? Wouldn't that stop the next 40K siphon account from being create? No free $ on sign-up. Am I missing something?
Hell I just PAID 6 STEEM to set up my son's account, I had issues with the automated email verification process on his, so I did it the pay-in way to make sure I didn't lose the account name we wanted.
Bonus is called delegation and that has issues. Paying 6 steem has issues.
The main issue is that they want to bring on 100+ million users. They have something like 90 million steem in their account. So, you can't pay 600M steem easily when there is only 250M steem in existance. You can't delegate a few billion steem when you only have 90 million. That's why tokens are necessary and seems like a really good way to deal with it. I'm just concerned over how we distribute them.