This is extremely insightful and points out the major issues in Steem like they laid off 70% of their team and are reporting losses, 40% of the currency is owned by less than 100 people and many could be duplicate accounts, the active user base has halved since last year, and it's overrun by bots. I still have hope that witnesses could turn this around and if enough people joined it, the power would even out, but we shall see. Minds is looking like the safest bet ever right now.
I'm curious what you think of all of this as I find it very indicative of how Steem and the community there have felt for a bit, but it's definitely by no means dead. Thoughts?