https://en.m.wikipedia.org/wiki/Concentration_of_media_ownership
The Steemit system ensures viewers will in the not too distant future see a front page of either advertising or government sponsored political propaganda & views not supported by the largest corporate/political interests will be buried.
Assuming it survives to that stage this process will alienate users and freedom minded contributors. This was the downfall of Digg and also one of the reasons Reddit has had user revolts recently.
The Steemit system ensures viewers will in the not too distant future see a front page of either advertising or government sponsored political propaganda & views not supported by the largest corporate/political interests will be buried.
Assuming it survives to that stage this process will alienate users and freedom minded contributors. This was the downfall of Digg and also one of the reasons Reddit has had user revolts recently.
If steem collapses in value, then obviously nobody wants its tokens (including governments, corporations, media etc).
If governments, corporations and media want the tokens (to control the platform's content) then there is demand for the token and the price can't crumble.
It's kind of either this or that - both can't happen at the same time due to the rules of market demand.
How do I downvote comments and posts on Steemit 
There's a flag icon on the upper right.