I don't think it is enough to decentralize the administration or storage of currency and content without also decentralizing the power. I'm not sure why it took me so long to realize this, but just as big money in politics corrupts because it puts power in the hands of a few who are able to control things for their benefit, any decentralized system that likewise puts power in a few will suffer similar issues. This is exactly what we see on Steem, because Steem is designed, not around proof of brain (which would reward creativity), but proof of stake. I'm hoping that will change here, or else that a competitor (or hopefully several) will come along that addresses the issue. Competition is good. I'd like to see experiments in ways to reward content based on proof of brain, with proof of stake being secondary as an investment in that content. Invest in great content and reap more benefits. As it is, content quality is often higher on moderated sites, often sites that don't pay anything to content creators, such as stackexchange.