Really interesting post.
I'm still kind of new to Steemit, so I can't give you a really strong and well formed opinion about this update, but here's what I think - while what you said may be true, especially about people not being interested in interacting with other posts any more, not commenting and not creating more content, I also believe that the people who will do these kind of things may get better rewards from it.
Upvoting and commenting aren't exactly the best ways to get money from this website. I mean, it is a way, but it surely isn't the best. Content creation is the main income opportunity, at least that's what I think from what I saw on this website in such a short amount of time.
For me, personally, commenting and upvoting are two ways of interacting with people and making them interested in me, by giving them my opinions and trying to form a relationship between me and himthem
So even if your predictions will be true, I strongly believe that the way to succeed on this website is by creating content, and commenting and upvoting are by far the best way to promote yourself, at least at the present moment. Even if upvotes will become rare, people will still hope to make money by creating content, since it's the best way to do it. Steemit presents a huge opportunity especially when it comes to money, and that can be a really huge motivator, even if the amount you can make is pretty small.
But that's only my personal opinion, and since I'm a new user, I may be just wrong.
Anyway, great post, and I wish you good luck!
Thanks for your opinion. I agree with your point that content creation is the main earning method here, but it's just when votes will become less, minnows will also get much less votes and it may not motivate them to post better quality content. But as I said, who knows, maybe this update is for the better!!