Those who are ignorant of history are doomed to repeat it. When the domain name system was set up, the people involved naively thought that people would respect the top level categories, would not speculate by squatting on hundreds of domain names, and would surrender their domain names when they no longer needed them. It apparently didn't occur to them that a market would emerge and that good domain names would sell for thousands of USD. (GoDaddy says that mine is worth more than $10,000 USD.)

I see the same naivete with the design of STEEM and with steemit. I'm willing to "invest" time into using, gaining experience with, and studying steemit, but I'm not going to power up beyond, say, $100 USD. I'm willing to spend $100 USD and not worry about losing it all. But I'm not going to get in farther than that.