Regarding almost pointless....
There is a high chance that anyone with some writing talent could come here and find support, partly due to our small user base. A person can still earn little amounts of Steem by commenting. It's my opinion that an excellent writer vblog creator could still thrive even with the prices being this low. Which is pretty amazing.
They can learn about crypto, learn to move their stake in and out of exchanges.
If what you mean by pointless is those with little talent and no money are going to find a hard a time getting Steem, that might be accurate.
If the idea was that anyone could make an account for free and then contribute very little of any value and earn, yes, I think that era might be gone while the price is this low.
Alt Season will come again and new relationships and networks will come again.
The game is slowing down for those who wanted to come and just use their account as a means to extract Steem. At this price in this market we need people who are hungry to earn Steem and who want to contribute to it's value vs. extract it.