I get that money comes from nowhere, these are just basic common knowledge, what are you trying to say? This is the same, except with fiat you have a complete system based on that debt generated. My opinion is that the demand to buy Steem will continue to decline as you are seeing now unless there's a constant influx from outside. Real fiat money enters and leaves the platform via Steem, that's it.
If you think Steemit users will continue to buy Steem so they can earn more in a infinite circle, well you are giving the Ponzi trollers some nice meat to chew on. That's why I'm mentioning that Steem needs constant outside influx besides speculators or casual investors. If you are a good content creator you don't really to buy Steem, you are already earning it. So who really needs Steem? Only speculators and long term investors but as inflation keeps growing and growing this can only go on for so long. There's no coin or project with more than 1 billion tokens worth above $1.