Sorry I'm dumb and don't 100 percent understand, but under this system i would get rewards for the amount of SP I have, but wouldn't have to do anything? You can just sit back and collect rewards based on how much steem you hold? I was just reading reading another post on switching to a one person / one vote system (which I love the idea of) and I didn't quite get where your steempower fit it to it.
Steem is broken though for sure and needs a radical change to how it works....
You would have the option of either taking rewards in Steem or in voting power. So if you wanted your rewards in cash you could have them.