This type of economy is very effectively used by many projects that are focused on development of their platforms. With the stagnation STEEM has experienced I believe this system could very well help re-vitalize the platform. Hoping that the tests go well and there are no major bugs, but otherwise this is very exciting.

As far as content creator cuts, I believe that by focusing on improving the platform and bringing in more users, the content creators will actually end up earning more in the long term anyways.

Really looking forward to this and I am glad that the team as well as witnesses are staying on top of their game. Good luck with the implementation.