Steemit feels like a scammy pyramid scheme posing as a social media platform. It was created to make money for the creators and early adopters. That's how it looks to me.
There is no relationship between the quality of the posts and the reward structure. The rich get richer and a few crumbs drop on the floor for the hustlers and hopeful new posters.
RE: Top 5 Reasons Steemit is Not a Global Hit