That may or may not be true.

There is a lot of corruption everywhere in the world, not only in open entry systems with anonymous participation, and a lot of them work without any problems, some better than others indeed. There are a lot of systems like these that work well also, like a lot of the open source developed softwares. @dan is not god, and even though it knows a lot, he can't know the future, he can just assume how Steem will perform, and from what I have seen by now, it has a promising development, even though a lot of people don't see it yet.