I was really obvious by August that the Steemit economic model was a fiasco...
And it took 4 months to "review" and post these half-measures? Are Dan and Ned on drugs?

If there is a truism in crypto, it's all about momentum...
Once you lose it, once you go into a Death Spiral, a major rebranding is the only option...
(Even Ethereum has lost all momentum due to mismanagement, spinning it's wheels for 6 months... desperate for an App, any App).

It's telling that cynically tweeking some algos on a 500,000 to 13,000 sat Death Spiral (down 97.5% in STEEM, maybe 80% in SP)...
Actually brings applause and praise and supplication from the 1,000 pinheads left on Steemit...
Along with the usual nonsense comparing Steemit to "the early days of Facebook"   

Amazingly, the platform is still worth $25,000,000 due to a modern, stable crypto network...
In the real world adults could salvage some value by bringing in actual professionals...
Who would replace zero-value random, amateur blogging with something the world actually wants.