Hi @knircky, much appreciated that you dropped by.
We're proposing something along the lines of "A + B + C = D", where A, B, and C are the items in the proposal, and D is the goal of a Steem economy that favors curation enough to beat vote-farming activities. More profitable curation services will emerge out of this and we'll likely have a better platform. A, B, and C must be considered as a whole and not in isolation. We're not saying that changing A results in D, nor change in B results in D, nor change in C results in D. It's really the best of both worlds - both fast and slow activities can coexist on the chain.
Please check out @trafalgar's responses above and we'd appreciate if you can go through the reasoning we've put forth in tandem. In regards to your concerns, I've almost directly responded to these points here: https://steemit.com/steem/@kevinwong/understanding-steem-s-economic-flaw-its-effects-on-the-network-and-how-to-fix-it#@kevinwong/re-donkeypong-re-kevinwong-understanding-steem-s-economic-flaw-its-effects-on-the-network-and-how-to-fix-it-20181016t060251734z