Perhaps, we'll never know. Sounds like shaky reasoning to me though. I think you underestimate the competency and willingness of the competition.
Yes it's true it was designed for a monopoly. So was Bitcoin, but by virtue of it's actual design, not by license.
I don't know if I agree with Steemit Inc. approach. It's true what you and others have said before, that they're operating on an established (I won't say old) business and company model where the best scenario is a high sale value to some bigger fish.
Maybe it will be abandoned. It certainly is more likely with all this shade.