Dan's Opinion About Open-Entry Systems Based on Anonymous Participation Should Alert Steem!

I was seriously worried about Steem's future after reading Hive account@dan's Medium article about the limits of crypto-economic governance. I was worried because I have seen and keep seeing Steem—an open-entry system based on anonymous participation—succumb to profit driven corruption for many months now.

Here's what Dan said.

"Open-entry systems built around anonymous participation will have no means expelling bad actors and will eventually succumb to profit-driven corruption." ~ Dan

What do you make of this statement? How do you see Steem(it) in light of Dan's remarks about crypto-economic governance of open-entry systems?