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RE: The "Constantly Shifting Tides" of the Steem Blockchain
If Steemit Inc power down, I think it's a short term problem. Again, they aren't the blockchain, but only a part of it. As more Steem gets dispersed, the system gets more decentralized and hence power more balanced. That's the theory behind it, anyways.
And you're right. Until then, cheap Steem at these prices is a dream. Who knows how long they'll last at these levels.
People outside of steemit are already starting to fill in the gaps and proceeding in spite of them. This to me is encouraging. Thise with lots of stake have a vested interest in “making” it work :-)