the 'logic' that "there isn't enough STEEM to create millions of accounts for onboarding".

Total agreement, @smooth. I Noticed the same thing after a few seconds looking at account creation faucets and I am glad to see RC taking over, making something like 5.1 Million accounts annually with your calculations.

We might have to UP those numbers again, just calculated that with 14K accounts per day will take 196 years to get to 1 billion accounts.