Hi, Nice summary of the problems posed by Steemit. It had an identity of a social media platform but that is incorrect. Some may call it bogus but i would not go as far.

It is all about the money and always has been. if the lure is in making money, how can you not tell people that they need to invest. Once invested, how does it matter whether you post or not? Delegate and be done with it.

I have said many times that this is like shareholding. the more you invest the more you stand a chance of gaining some wealth. Do not dwell what you post for that has no meaning. If not for the well intention-ed efforts of some groups like Curie, it would be incredibly depressing for content creators.

A stock bourse masquerading as a social network seems the best approximation. The funny thing is that most of the early investors kept on urging people to post and that they would be rewarded. Also, they told us about the fact that it was a social network and you needed suitable skills to come good.

Gradually all pretenses were dropped and it was made clear that your money is the only thing that was important. Once that realization hit me, it has become very difficult to post articles on Steemit. I started with much hope and frankly nowadays i just watch things go by