Fair point - he also gets over-rewarded for his videos.

However, I do still agree with him that the future of steem is largely off steemit, in SMTs... that's the grand plan (or lack of one!)

As to the 'too much steem in the hands of bad actors'... eventually they'll powerdown once they can find something else to go shaft, and maybe things will pick up once they've done that?

The future is probably boom-bust cycles, that's capitalism after all!