People need to look at the thousands of other altcoin charts and steem. Bitcoin is the exception, not the rule here. When you look at those charts, ask yourself if any of them were creating more coins when people power up. Now look at those altcoin charts that I mentioned, and look at when they go down and what the bitcoin price was doing. Generaly when bitcoin goes up, alts dump and when bitcoin dumps altcoins go up.

Regardless if I can buy a cookie with steem dollars, steem or steem power or not, if the content is not good who cares?

There needs to be more content that is not about steem.
The issues at launch with regards to mining need to be revisted and clarified.
As long as whales can control what goes up and what goes down in the content feeds lets not kid ourselves about being decentral.
Why should I buy steem and power up?