Personally I feel like the crypto economics on STEEM are too far off from something that can be a more usable system but it can't be the only thing attempting to support the whole ecosystem.

If I had the money to build another platform I would essentially utilize the same thing it is in its current form but tweek a few things and make certain features a tiered system to where you have to reach certain power levels to unlock certain features. Then there would be the additional revenue from the internal and external ad engine.

Even if the crypto rewards were always partially skewed because of the stake weighting people wouldn't care as much if they precieved that they were doing well for the type of content they were posting.

Just like we see when the market surged. Most people weren't really talking about any negative aspects because the good times were rolling.

Unfortunately this system is a death sentence during a bear market because the inflation is too high in comparison to other coins such as Bitcoin and EOS and people are trying to live off the earnings here.

It is just a funding mechanism for other projects essentially but that is a dangerous game because anyone who powered up outside money suddenly has to try to earn more than it is losing in comparison to other crypto projects.

In my opinion it is so close but yet so far away.