no easy onboarding, no users, no devs, no investors ----> no network effect.
If something like Nextxolony would trend to the "masses", its impossible with the current system to onboard only 15k users for them.
Think about a Million Users.....
Next problem is, if a big site wants to join steem network with there users.
Steem is far away to be usefull for endusers or businesses.