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The world will not end if Steemit fails, continuing the slow spiral into bot-circle-jerks unto dearth of content, until nothing's left but memeposting bots and worthless stakes.

I guess Calibrae was stillborn, @l0k1 unable to cope with the issues that made him so volatile long enough to fork and alter the Steemit code to reformulate VP to reflect rep.

Others will make forks, and bespoke platforms, with these fixes, if Steemit doesn't.

The popularity of Steemit seems to depend on waves of freshly minted accounts come for the vast rewards promised in the marketing materials, trying various means of achieving those rewards, that just don't come from the blogging as advertised, and then being replaced, when they bail in disgust, with a new lot.

Piling on new mechanisms of manipulating the rewards pool isn't going to change that. A few of each wave of new users find some niche, pandering, botnets, vote-buying, and rarely, other valuable skills, and sticks around.

This will continue to happen, as long as the oligarchy continues to stifle content creation by concentrating the rewards pool in their wallets.

When the problem is fixed, either on Steemit, or off it, it won't happen anymore. When new users have a look, they won't see oligarchical control of the rewards pool, but a fair distribution system, where a free for all of content vies for views, and votes.

Then, if the fixed platform uses Steem, Steem will moonshot.

And I'll be happy.