Me too.i absolutely love steemit. I am sure everything will work out but it may need some intervention. It could be code based out even user based.
It might even just peter out by itself as the market for buying becomes less and less. I kinda hope that happens.
You're probably right... if the price of Steem keeps fizzling out, the whole thing may burn itself out. Whether that requires us to fall all the way back to ten cent Steem... that I don't know.
Well there is an advantage when the price drops really low. Your posts get paid a lot more steempower, despite the dollar value being low. Thats if memory serves me totally correctly :O) I think it will pick up after christmas though