I don't believe that this is some kind of conspiracy theory. It was clear from the get go, that people could save anything to the steem blockchain. And since maybe 1% of all users are perverts... so that would be exploited sooner or later.
There is child porn in the world wide web and nobody is saying to shut it down. But you have to address this issue.
If you offer a WordPress Blog to the world, where everybody could post, you have to know that sooner or later some pervert will post his shit. So it's kinda naive to thing that no one will abuse it.
So if Blockchain 1.0 has a few bugs in it, fix them. Blockchain 2.0 will be better and thats it.
The point being made is that those who seek to silence dissenting voices have a track record of doing whatever they can to sour the public perception of whatever gives dissent a voice. You only need listen to Bill Gates claiming that cryptocurrency has 'killed people' because it can be used to buy prescription drugs and the various other banker cronies linking cryptocurrency to terrorism etc. - to see the point here.
Bill Gates was the man who believed the Internet would not succeed. Of course every "old tech" will dispise the "new tech", because it is threatend to be replaced. Still every new tech will survive.
But if your tech has such holes in it... you need to be more concerned about economic rivals like an alternative blockchains that is here to kick you (steem) out of business.
Thats why it should be fixed asap.
I recall reading Bill Gates' book 'the road ahead' around the year 2000 when he spoke of his plans to launch a large number of low level satellites to provide internet everywhere - so I'm not sure when he thought the internet would fail, but it must have been very early on.