Nooooooooooo, how dare you to use math :D and reason and some business logic.

Steemit is all about feelings. Community leaders feel that every amateur can write scientific posts, they feel that there will be no plagiarism *(several hundred people blacklisted), they feel that the whole world will support us. They feel their genders. They feel that equity is the way to go.

The result of all these feelings is that Steem dropped from the top 30 coins to below the 60th position.
That not a single serious content creator joined and that after about 200.000 $ invested *(given in the form of rewards) in some dApps, those dApps can't get 20 Likes.