Bitcoin is a completely different model. For one thing the supply is distributed over 100+ years (50% of remaining every four years) it isn't instantly assigned 80% to the founders and then dumped over a few years. Apart from it simply being much, much larger with more demand, even years ago compared to Steem now.
Sure there are interesting things that can happen on Steem but unfortunately they are hobbled by broken economics and a dysfunctional ecosystem structure. It may still yet succeed but the odds are stacked against it for these reasons.
Fair enough, but if we forked away we would likely experience the erosion that BCH is experiencing right now. We lost Dan, so if we kick out Ned we're probably headed down the same devastating direction as BSV is right now.
You may be right. IMO the ideal situation is NOT to lose Ned (in fact to go out of our way to keep him) but to also have everyone take a hard look at things and recognize that the model needs some iteration.
Agreed, over time the steemit pool on the blockchain will diminish as competition between actors will increase and create new ponds, some will be turbid, some will be clean waters...
Competition by exclusion will lead to devastating effects.