Steem as I am aware is not just a place to post/blog, it is more than that. There is value in Steem because it is a crypto-coin and is open to abuse if the proper checks and controls are not there. I understand the team's requirement to have some sort of verification of its members to ensure that the integrity of the platform is preserved but I hope it does not go as far as the "Know Your Customer" principle in the financial sector.