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RE: How can the Steem blockchain distinguish itself in the marketplace?
Yeah, I agree, hence #4.
Still, if Steemit could use that to build a revenue stream that doesn't depend on selling STEEM, it might create capacity for hiring and development to solve some of the harder problems.
Personally I'm skeptical that hiring and development are the biggest barriers. I think social factors are a bigger problem, the ecosystem is stuck in a bad equilibrium. For example, Steemit Inc doesn't want to use their power to squish the bot services because the bot services are the some of the biggest non-SteemitInc holders of Steem Power. Nobody inside the system will (can?) change the status quo and it's not in any outsiders' interest to buy enough Steem to do it.
You may be right about this:
And it seems like it's getting close to the point where they're not going to be able to, even if they change their mind.
I'm still holding out hope for a next generation bot that uses beneficiary rewards in a clever way that enables investors to pursue rewards + audience at the same time, instead of trading one for the other.
In the end, though, all we can do is to make improvements in the spheres where we have influence and hope for the best elsewhere.
We'll dig our way out!
lol. Maybe. But, it's pretty clear that [audience + rewards] is more valuable than [rewards], so I think something will eventually work itself out, even if I'm not sure what that looks like.