Very interesting thought, I agree essentially with your analysis of the situation.
Another aspect highlighted by your post is evidence that Steemit Inc stake has always been used for for the operation of the Steem Blockchain making use, not least, of the tool of Delegations.
This point must be emphasised in order to respond to those who say that there is insufficient evidence of the public use of the Steemit Inc stake.
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It is widely known it was used, but the thing is that it was earmarked for usage for development of the blockchain. It can be strongly argued that fighting abuse and supporting applications aids development.