It it wasn't for wales and there Upvote bots.

Both have destroyed the envisioned meritocracy in which the curators will ensure that good content from the authors will rise to the top.

Already the plankton experience is horrible and more accounts are abandoned then created.

If Steemit is not restoring meritocracy and make the site more enjoyable for plankton it will fail in the long run. Another social network with cryptocurrency will overtake SteemIt.