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RE: Why It is A Good Idea to "reinvent" the Wheel Sometimes. WARNING: Major rant!! Calling for a Whale Wake-up!
The issues that you raised need to be fixed. The whales will see their investment in Steem decline if the platform keels over from abuse & decay. The increasing number of signups is a mirage. Less than 10% remain active on the platform after 1 year. Hopefully things will change soon.
You're absolutely correct. Many of those new accounts do NOT survive. The reasons for that are plenty for sure. And I don't necessarily know that steemit is the right platform for everyone for that reason. However, many great content producers are being snuffed out because those in power seemingly refuse to give many a chance. Pass on the torch please my whale franz!