If I were to design this type of system I think delegating needs to be removed. It gets rid of people amassing great power over time. If nobody can delegate then people are more equal.
Also, a fair launch is a good idea but nefarious actors who come in and buy large stake are always a threat. Ensuring the founding team has enough stake to ensure bad actors cant just buy 25 percent of the tokens and take over is a balancing act.
I don't think there would be a whole lot of need for delegation in this system - but I don't necessarily see a need to do away with it.
Since stake can never be bought or sold, there is no possible way for bad actors to take over the system, and there will be various methods to limit the overall gap between a first-time user and someone who's been there doing great stuff for years.
There will be zero possibility of one person's vote being worth millions, while others are worth 0 or 1.
Ok good! That's what I was getting at :)