Thanks for checking it out, Matt.
I agree, it is scary; however, I don't think it's surprising. We've seen the failure of other social media networks (such as TSU) because money was consistently the primary focus of users. The difference that I've found with Steemit is that I originally came for the money, but it is in fact the community that has retained me. I think those who were posting back in December when Steem was worth $.04 USD were doing so because they felt that they were part of the community.
Definitely a lot to think about.