I’ve come to understand the same thing. I like the idea of splitting your profits on steemit into 3 pots - power-up, SBDs for post promotion or sending to other users for whatever purpose you might need and cashing out some fiat, which let’s face it, for most of us still pays us bills.
I like how while so many on the crypto markets are panicking right now because of low prices (or at least creating a lot of drama Twitter), we on Steemit just keep making more money:)
I still wonder though how sustainable this model is long term... it appears as a never ending compounding and I just don’t see how that can go on forever increasing in value....