The world is going to shift to digital currencies soon.Since steemit is a digital currency so it does have a future too.
Now when it comes to quality content it is valued at all the places.The content with little or less value may get temporary benefits but ultimately it will.So,I feel the quality of content will improve on steemit with time and also steemit will do better with such content.
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I think you are correct. I hope that it moves towards a level of content that we can all be proud of.