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RE: Steemit has revolutionized Social media, here's why Facebook and Twitter will eventually come into conflict with it.
It's not the popularity. If all these new people come in broke, it drains the rewards pool and doesn't add anything.
Hmm i see your point, but i think ultimately it balances itself out some people make one post and leave when they don't get $200 a post i think this really is a waiting game to see if the site produces enough whales, for example i'm a minnow but i haven't taken a cent out yet and don't plan to for a long time.
People who are serious about the platform will stick around for a lot longer and ultimately contribute more to the site even with the recent influx of people coming on board, but you could be right we just have to wait sadly.
Every single content producer and curator could come in completely broke and it would not destroy the system. All that matters is that people are willing to buy Steem on the open market, thats where the money comes from (in addition to people buying SBD and SP). Cryptos are not having much difficulty retaining value, and Steem because its attached to a specific innovation will continue to grab a ton of the crypto investment dollars constantly flowing in.