You are absolutely right but the system we are in offers unlimited material to read and limited people to read it. You get too much offer for too little demand the result is hurting a lot. They will probably manage to spin off something better over time.
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Yeah, you're right! And steemit is still in development, so I believe in it ;) but it's just hard to stay motivated when it happen... Even though I'm still willing to publish nice content ;)