I am new to Steemit and dont really have the technical expertise to determine if your conclusions are accurate or not. I do however see problems both trivial and potentially catastrophic for the long term growth of the community... That being said, I was drawn to Steemit and have stayed with it because this is like no other social media platform in existence. Everything about it is unique and original - as with all new ideas, it could require changes as time goes on... Great post - will definitely follow...
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Steemit is a very good idea, but it also has flaws, and this post's aim is to fix these flaws.
Immutable blockchain social networks with no posting fees are all doomed to fail.