I believe beyond building trust this move will result in the HODLing of Steem which can also create another wave of inflation.
Perhaps if this was implemented sooner the risk could be avoided but from this point on I don't see any other better move.
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How on earth does it build trust to change the economic rules on a whim? Yes we know they can always change the rules (update the economic priorities) but this doesn't give me any confidence that the future updates will be in my favor. In addition, the less stake certain developers have, the less rational reasons they would have to be economically concerned about the fate of Steem.