You make some very good points. I think one point that should be of particular concern is the affect that a continued shrinking of the user base will have on attracting key advertisers. Ad revenue is essential to the revised Steemit Inc. business model and as I am sure we are all aware, advertisers will expect good returns on their investments. This leads me to my final point. Growing the user base and retaining those who regularly produce content that drives demand will be vital in Steemit's efforts for long-term viability.