Thanks for the valuable analysis, it does look like the Steem design is full of cracks, for want of a better analogy. As a new minnow in a third world country, I only have my blogging power and no cash to invest in steem so its a way to earn via posting original good content. Unfortunately the steem concept is leaking through the cracks in the design by the original @dan inventor. It's not looking good from my point of view long term here on steemit. The price may never recover. Certainly not in BTC value, in my opinion. Maybe it will climb in dollar value, but never to those ATH again by the looks of it, but that is just my bearish sentiment at this low point in the market. If the whales or OGs of Steem can organize a fix and fill the cracks in a flawed design then I will be more hopeful.
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