Yes, that would tend to be a side-effect of the price falling, much as interest in the website grew as the price rose. As long as the primary draw of steemit is the income-generating portion of it this will tend to hold true. Vested shareholders have shown little to no desire to give up the earnings they have in order to make the site usable for smaller holders, which will limit growth and prevent it from being widely adopted. Just my 0.001 cents.