Good points here, but none of those things will have an much of an impact as bots on Steemit. As long as bots can sell their votes, curate, and other things that bots do, too big a percentage of author and curation rewards will go to bots. And as long as those bot creators are selling that Steem, price will struggle to recover.

I love Steem the platform, but I don't see the value in investing in powering up. And you don't have to be powered up with a lot of money to use Steem.