Let's just admit Steemit...
Let's just admit Steemit is an esoteric game to rape the reward pool and cash out before the price of Steem goes back to five cents.
Over 90% of the rewards pool is vote traded and promotes garbage that no one wants to see.
The “real” content it is vastly overpriced... If a post objectively worth $20 gets $400 in rewards that is just as bad as a garbage post worth $0 getting $380 in rewards.
Likely the solution is to go to a tipping system in lieu of the reward pool.
In the meantime expect Steem to underperform the cryptomarket. If we get our act together there will be a great opportunity to pick up the pieces.
Cautious investing to all