His main theory is that earning STEEM is going to get much harder as we move forward. With the applications becoming more powerful as they gain delegation and earn STEEM, it is getting more difficult for individuals to get noticed. This is going to be compounded by the fact that more accounts will dilute the reward pool.
The main question is blogging/vlogging on the Steem blockchain going to die as applications start to take off?
My answer is absolutely not. There will always be a place for blogging on the Steem blockchain. The difference is that, in the beginning, Steem was a blogging chain. Now, blogging is only a part of the activity that is taking place. Content creation is taking on many forms as we are seeing. Proof of Brain now also includes Proof of Contribution.
Essentially, what is being asked is what, in general terms, will the future of the Steem blockchain look like?
I agree with the assessment that it is all about the applications. That is what is going to propel us forward. The point that I think 
The challenge, at this point, is that Steem does not have a truly kick-ass application targeting bloggers only. There are many applications that enable one to blog and they will, in my estimation, continue to improve in the future. However, that is not to say someone is not working on a blogging only application right now. If not, perhaps that is something one will want to take a look at.
This brings us to the second overriding point that
Does this mean newer accounts are screwed including those who want to blog? Actually, the exact opposite is true. We are seeing the evolution of STEEM present new opportunities.
To start, at this moment, there is not a shortage of STEEM.
According to steemd.com, there are 82M STEEM out on the open market. This means that smaller accounts have a fantastic opportunity to get their hands on STEEM and power up.
Naturally, right now this requires converting either fiat or another cryptocurrency to buy the STEEM. Hence, someone joining to blog is going to have to bring some money to the table to power up. This was always the case which leaves out the many who do not have any liquid resources for this purpose. Nevertheless, it is an option.
The situation changes once the SMT protocol is released. If one's goal is to acquire more STEEM, this presents another opportunity. People can participate in the different applications thus earning some STEEM but, more importantly, the native SMT created token. These tokens are all going to be paired with STEEM, hence instantly convertible. For those who lack the resources at this time to buy STEEM, using the SMT earned serves the same purpose.
Therefore, my assessment is that applications, because of the SMTs, offer a pathway for everyone to acquire STEEM if that is what they desire. Of course, as I wrote last evening, the question is does someone prefer STEEM or a SMT token? There is a chance that holding a SMT might be a better move depending upon the growth of that application. Either way, people are gong to be presented a choice, one of which is to acquire more STEEM.
So in closing, I would say the future for bloggers.vloggers is very bright, especially for those who want to make a full time living at it. As always, it will take work, effort, and a lot of time. However, there are more tools showing up each week that makes this easier. Over time, we are going to be able to find our target audience in a much more efficient way. Presently, Steemit is one big mess of streaming content flowing by. As communities come into play, it should be easier for bloggers to find their niche.
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