The steem economic model is infeasible and unattractive on too many dimensions to be a serious contender in its current incarnation and with the current group of shareholders. It's actually a ponzi scheme built on top of another ponzi scheme, which is current crypto price valuations. The way the pool is split encourages people to do anything but tell other people about steemit, as that just creates more competition. The prices attached to both currencies used here are fantasy numbers pushed ever higher by a combination of fraudulent money, fraudulent trades, and crooked exchanges. Once Tether implodes people will discover what speculators really value sbds and steem at, and steemit won't keep many, if any, users.