These are some of my growing concerns... if you are converting your funds into SP you are pretty much giving faith to the developers that they have thought about ALL these scenarios and have contingencies in place. And that they are going to protect Steemit from future hacks. And that whatever is going on now is going to be sustainable... at this moment it's a little unclear to me on how that's possible.

But no risk no reward right? Hence why I purchased some SP regardless...

But the risks are huge and I don't think the devs have thought about every possible scenario on how you can game the system or how the community can quickly become unfair, clicky and undiverse