I read this as a relatively pessimistic newbie because a lot of what you say is true, this format seems destined for failure because you are correct, so many self serving greedy people on here just to make money, only to make money. There are so many restrictions on new people that most probably leave before they’ve been here very long anyway out of frustration from not making huge sums of steem for posting as promised by their recruiters. But it could survive if enough people join who don’t worry about the money.
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Thank you for your perspective. I think that Steemit cannot grow without new people that see value in being a "player" on the site and investing in the currency. If new people are trying to grow without an initial investment it is going to be a long LOOONNG and likely frustrating experience (unless you don't care about the money at all). If new people show up and see that the race is rigged and cannot see a reason to stick around... this place is not going to grow.