Exactly right @nonameslefttouse. Agreed.

The first set of points is why in general active users is declining now, and why few are willing to invest. (Said it before myself as well.) Amazing how many large steem accounts don't see that . . . If 40K - 100K investment gives nothing in return, who will put in 1K - 10K? And how many around the globe can even afford that?

So price of Steem shall decline, if no further changes are made . . .

A proverb in Japan is that if I'm your shadow and you're just a shadow of somebody else, then what am I?

If 40K is dust, then what's 1K?

What's the value proposition to small users, in other words? No censorship? If that were true it'd be a good value proposition today? But is that true?

Archiving and therefore Voice depend on the value of Steem being high. So that people don't discard the token. Unless other sites happen to censor their particular viewpoint they're currently better off using them. So what is the value proposition? In the long run? Without some major changes, is there one? Even if the platforms gains some new apps?

I hope so. (But hope is for the hopeless.)