I agree with @dantheman and @gavvet.

So, I believe advertisers are the end game as well... But, what will happen to liquidity? If advertisers buy up much of the steem, they are not going to let it go. Without liquidity, where is the benefit to new curators/creators?

It's possible that the best content creators who might be dolphins or whales now, could turn into minnows when they cash out to advertisers.... Then, how will these new minnow content creators make money if the advertisers are only upvoting their own posts?

The shift to advertising whales could be a huge negative X factor.

Looking forward to your thoughts.
P.S Still bullish