Devils Advocate: There is a view that this is exactly the formula for the accusation that Steemit is a Ponzi scheme https://en.wikipedia.org/wiki/Steemit#Criticism lots of people joined when the value was high. Now the value is very low there's lots of encouragement to "Buy" Steem presumably with actual dollars or some other crypto currency.

I am not saying that is what I think, just offering an alternative opinion.