It's making difficult to bring serious people (academics, celebrities, investors, businesspersons, etc), those who care about their image or brand, to the Steemit platform. The main trending page has too much spam and flagging nonsense. Gentlemen! Serious people don't play games. (Is what I'd like to say to many large Steem stakeholders.) I'm often embarrassed to bring up the topic of Steemit. They will take one look at the site, and wonder why I ever suggested the thing. This keeps the value of Steem low, because it occurs on a collective scale. The people who are interested in content primarily cannot curate because while many, they specialize on content, and lack SP. Distributional problems create further distributional problems, to the extent creators of the platform, who have the largest stake, publicly doubt if it can be fixed.