Nonsense. The payouts on Steemit are actually a drag on the price not a boost.

If it pays out less, but only pays out to people who actually post great content (not plagiarizer shitposters, that copy paste newspaper articles), that gives value to Steemit.

By the way Steem is a 0 fee currency. If somebody would create a market for goods and services based on Steem, like Openbazaar is for Bitcoin.

Then Steem's value would skyrocket. At the moment it's only a social media. But it can be much more than that.