Which would conclude the prediction I made about 2 years ago; steem/steemit/dapps were structured in the same way that a ponzi scheme is structured.

Start with an idea; get investors in on the idea, the future value of that investment increases with new investments (users, witnesses, content creators) that increase is used to payout early investors.

Eventually, either a) the value is no longer sufficient to payout the investors, or b) the main investor pulls their money out, leaving all the rest holding an empty bag.