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RE: I totally agree with what dan said about Steemit
In many ways, Steemit came into being during times where everything was going up, up, UP and that also made it a time where people were too busy thinking about their new Lambos and not busy enough to work diligently to build a solid structure.
It set up a certain cognitive blindness in which "making money" was just about the token Mooning, and not about generating actual revenue streams. And revenue streams are the only thing that will save you in a market downturn.
True but most crypto's have that problem. They raised a lot of money by just publishing a whitepaper. Now they need to do actual work, the times of easy money are gone.