Partly because of general lack of understanding, and partly because this is an experiment that is very hard to understand. I bet 90% on Steemit aren't even that interested in blockchain technology or cryptos. They stumbled upon it because they googled "how to make money online" and then got into it - learning a little bit about cryptos as they went on and learned how to convert steem to btc and then to fiat etc.

Even people who are fairly into crypto currencies have problems understanding the complexity of Steem and steemit. I do to to be honest. Every time I sit down and try to calculate and figure it out my brain runs low on IQ.

We all know that there is no such thing as free money. So where does the reward come from? Does it come from the inflationary nature? Does it come from people investing in the platform and locking up SP? Can it come from advertising and/or sponsored posts in the future? (More and more of that is happening btw)

The STEEM-blockchain though is simply brilliant. No fees, super fast and very convenient. It's been running for years now with no issues.

And the STEEMI-IT platform will probably change and evolve in the future. But money needs to come from somwehere. And that's where I think a lot of people struggle. We, who use Steemit are more likely to be people who are able to believe in new ideas and concepts of what money is, how its created and valued etc. That's why I'm willing to bet on Steemit - because "what is money?" "What is currency"? "How is something valued?" Most people aren't interested in that. They stick to what the powers that be tell them is OK. They are very scared of doing and saying something wrong. They seek acceptance in numbers.

"This is the right thing to do, isn't it?" is a typical question from an insecure human. They don't have any hardcoded values, so they seek approval from others.

If we ask the question on a deeper level..where does "normal"value come from? It comes from goods and services that are exchanged into a medium (fiat currency)

In the future though, value can and should be other things than just food and oil. It can and should be knowledge, online services, instructions, answers to questions - everything. In a modern world, that is just as valuable as producing grain or making a car. And IMO Steemit is an experiment in how those new services are going to be rewarded.

Some might call it a potential scam, a ponzi etc..but if people did the reasarch and looked into Dan Larimer - one will realize that he is an idealist and a genius. So he didn't make this platform to be a ponzi scheme. He made a very intricate system for valuing content/knowledge so that the creators will be paid, instead of facebook etc will take that knowledge from you and make money off of it instead of you.

So, I'm sure there could be flaws to the system...but Steem and steemit is nontheless a giant leap forward.