I could not agree more ... the value of steem, as it stands can only be based upon a valuation of steemit and a 'discounted for time' potential. The performance of steemit is therefore behind the valuation of steem and the responsibility of that performance is currently held to the tune of 80% by less than 100 people and 90% by less than 400 people.
The negation of this is to call black white!!
Curation, downvoting, UI - it does not terribly matter. What does matter is recognition of this simple truth, admission and a redirection based upon fairness. Otherwise, it will be a sad tale of Greed thwarting a wonderful concept.
Much as I think that @timcliff is doing an admirable job, I don't believe that it will be sufficiently radical to repair the holes in the hull.
The slowness to action displays a thorough misunderstanding of the status quo. Steem, right now should be trading at 4 cents, based upon what you and I have agreed.
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I by no means think we should agree on all aspects to the same degree, nor would I try to persuade you.
I mean, the issue with Steemit is that it, in hindsight could be seen as a flop or as an incredible evolution of value that was bootstrapped from nothing. If development stopped here it would be the former. If we can take a few steps to Dan's vision... a few months back... of Steemit as the tip of the iceberg... Then we have the latter.
It's a juggling act. Why re arrange the deckchairs? When you can build the boat?