Great analogy about shearing the sheep. I think that Steemit feels more stable than other blockchain companies, even if it isn't, because of the feeling that it is a robust community. It' s brand new, yet wildly active. MySpace has thousands percent more users, yet it feels like a ghost town. So new whales and dolphins will want to invest more into Steemit the more activity they see.
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Yeah it is a great one, I didnt create it though haha. But I agree with what you say and I think it is about a sense of community and feeling a part of something here. People want to invest more because they want to become a more noticeable part of the community.