@humanearl, Absolutely you given three main reasons, totally agree who's leave from steemit platform. I have seen lot of minnows create greatest contest in this platform. But they haven't big whales in their follower list. So they received only low rewards and you can see big wales (trending content creators) earned more rewards via big curation. In fact minnows really disappointed with steemit/ Dtube and decide to leave from here.
But I have various steemit first period very tough time to earn and stay without patience. I've read big post creator's post how to stay log time in steem blockchain and how to earn more. Everyone who came to steem blockchain only has small SP. But after growth up they earned much power. In fact power up better solution for earn more rewards. Also if you can be patience sure you'll grow much better in future.
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And the thing is that some poeple are in the trending section only because of the use of bots. I'm not against using bots but I think it should be used while also providing value to the community.