It could be over soon. The #newsteem argument you recite fails to acknowledge that price does not rise when more of the value of content is captured by stake weighting. It falls. Worse, creators aren't going to get 40% less in rewards than they did when user retention was ~5%, it's more like 75% less rewards.
I don't think this was a mistake. I dunno exactly the reason #steemkillers are doing what they do, but I don't think it's an accident they're doing it. The ninjamine has completely centralized power on Steem social media. Steem has never been decentralized. It appears it never will be.
Disappointed, but not surprised.