if Steemit, Inc. had to apply for this delegation, based on the questions and rules/procedures listed in this post, their request would be rejected.

That is right on point.

Also, I agree with a lot of this. Though, one thing to keep in mind is that if something of value doesn't get built on here, the price of steem will keep going down regardless of whether Inc continues to sell or not, and the odds of something of value getting built on here likely goes up with a delegation program like this. Something to keep in mind. But yes we do need to be very particular about where these delegations go and for how long they are used.