Obviously you are one of Steemit's die-hards who have closed their eyes to reality.
"Yet, it has delivered $100 million dollars worth of author rewards in the four years or so it has existed."
Perhaps, but to whom? The answer is simple: To a very select few at the top, at the expense of the many who have joined and ended up leaving the platform over the years after seeing the very poor way it is run.
"If Steem is going to die, it may do so because it being TOO generous."
I honestly hope that you do not believe what you are saying. If you do, then I'm afraid that you have a very warped sense of fairness.
You may think you have all the answers, and are part of the solution, but on the contrary, you are a big part of the problem why Steemit is in such a rapid decline. All you are doing, is helping to run an illegal ponzi scheme...a scheme that will soon end.