Sort:  

You are obviously confused. You may want to actually read comments before replying.
If things carry on the way they are there will be no Steemit or Steem.
And if the price falls to 1 cent i would see that as a good thing. When enough people understand the power this system has, you wont be able to stop it. There is just the largest stakeholder that is fucking it up and driving away the better class of investor.

To simplify it further, let's assume a hypothetical case where all STEEM are burnt but one. Now this 1 STEEM is worth the total market cap. Tell me, how would you distribute this 1 STEEM to 100 million people to distribute its value to all? Hope you got the perspective!