The gaming of the system will ensure it's downward spiral.

To be honest, I never heard anything about Steemit until I ran across a vague reference to it earlier this year.

I follow a lot of developments in crypto, and Steemit wasn't on the radar in any meaningful way.

This analysis shows that its a mostly static entity consisting of a few top players and the rest fighting over table scraps. So much for the "community" narrative.