As much as I don't want to see Steemit bogged down with all kinds of adds like other places, I don't want to see it go down the tubes either. Another idea in the line of advertising could be promoted posts. As much as you like or dislike vote buying. Paying money to make your post a promoted post could be a way for them to generate revenue. Instead of paying money to a third party service, you would just pay it directly to Steemit.
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There needs to be a revenue stream being developed from outside of Steem. Advertisements work for most websites. I know it's not cool and add free is better. But we are all invested in this blockchain so we all indirectly benefit too from incoming revenue outside of the chain. Thanks for your suggestions.