That said, there are other people working on different applications to work on the same blockchain, so maybe one or more of those will get it more right. That is my biggest hope for any kind of recovery at this point.
Other than payouts based on voting, what other compelling reason would drive adoption? What compelling features require a blockchain?
My answer is all about commerce. And that is all I will say about it for the moment.
The problem with Steem is that there is the distribution is fundamentally wrong, just to favour a selected few. The greediness of Steem developers caused this, there is no justification for centralizing the distribution of these tokens, the growth of the token too is really not based on solid fundamentals but a classic pump and dump chart. I only pity the gullible investors that their BTC have been trapped into the project