A person wiped your article off?
About the model, I can see your concerns, but generally speaking that sort of cryptoeconomic model seems commonplace. Not to mention, blockchain is in a highly experimental stage, so I personally am open to most cryptoeconomic model, including Steemits. For a lot of us, it's interesting to see how people will respond to such a novel concept, and how the platform will respond as well. While we can have our predictions of how steemit will or won't become, the reality is we won't know until we reach a point in time where either scenario is imminent.