agree, there a days where I scroll my feed and there are 80% spam post /repeating the same stuf day after day, upvoted by the same 10 people day after day, and commented or pushed by the same bots day after day.
Steem is one of the worst performing coins in the top 100 no clue why people are so optimistic about these dapps, when every 2nd dapp create an own ponzi or shitcoin.
I am not seeling any coins yet but I dont plan to buy any of these coins.
Once steem falls out of top 100 it will be a red flag for me
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It used to be a lot worse when the Drugwars 1 click image posts were a major part of the content that was posted. I guess the Ponzi aspect is not strong enough (like 1% daily bitconnect) for the ones are completely delusional to get into it while those who are more realistic realize that there is something not 100% right currently. It's somewhat the worst of 2 worlds. If steem drops out of the top 100 it will be indeed a big red flag. There are a lot of good things about this blockchain (real advertisement income, user-friendly, ...) but if the fundamental upvote/mining mechanic is broken it's going to be hard to make everything work.