Yes, perhaps, demand is key in the law of supply and demand, in theory, but websites, and advertisement systems, may not always play by the same theories or rules or laws. Steemit seems to be more fair than YouTube to say the least.
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it's fair because of the people in it, 70% of the active users actually care and some are actually great people, some are amazing, it's mostly honest p2p (person to person) interactions here, you rarely get that anywhere.
It's been a norm set by, rules, whitepapers (maybe)(not true) I'd say it was the good examples of good people and of course the tech and the team helped immensely. But it's funny how there are so many "teams" by now we are doing fine without communities, without marketing, without pretty much any outside support, most of the outside is seeing this as competition or a scam, of course some people know better :)
So yeah this has been the only social media I've seen at least. I would even argue that is how it should be done, decentralised, distributed and with power in people's hands, of course it might go in any direction the people steer it in, so we could have more yallapapis selling shoes and I don't even yeah fuck that .
So far so many paradigms have been shifted I'm not sure applying the same status quo would work, I hope people are smarter than this, but if they were those 300 people should have flagged this, actually yeah this really doesn't deserve such a payout and it's taking the rewards of other more deserving authors. Technically. In reality, who knows, I hope bullshit doesn't start walking here, because money sure was talking on the front page :| that's how steemit lost me, plus the acid color :D
Steemit is becoming what Facebook could have been.