If you read my post (and I can see you didn't) I wrote:

I don't know if Steemit is a Ponzi scheme as Tone says (not still able to decide it, I have to investigate more)

Then I wrote

Ponzi or not, Steemit is taking great users content for nothing or a few cents, and taking it FOREVER

And this a FACT.

While when you say :

I have noticed an increase in the quality of posts and less #circlejerk as of late. As rewards are distributed and whales get diluted this will only get better as the platform gets more and more democratic.

I don't see what supporting arguments are you giving to it.