And you think the current inflation allocation setup is the right way to go for witnesses? Their costs are fixed in USD, which means a tanking steem price could make it un-economical to run a witness node at all... which would put the entire network in jeopardy.

In this system witnesses secure the network, in a POW system the miners secure the network. Miners are not able to mine at a huge profit for long before the system corrects itself. We have no such correcting mechanism with steem...

Instead, network securers continue to get inflation regardless. Fundamentally, that doesn't sound right to me.

With the recent cost reductions to run nodes it also makes some sense for there to be revenue reductions as well and this was the perfect opportunity for that to happen.