In my mind the price of steem is unrelated to the abilities the platform. Even if the author reward disappears entirely, the concept of a blockchain backed un-censorable social media platform still remains!

A shake out of 'killer whales (bad actors)', 'investors who want to get out and have no faith in the platform', may be good, as the current system I think ends up doing more long term damage to steem if they are constantly the ones in power while 1) keeping their status of power while continuously selling, and 2) being able to have extreme influence while continuously selling.

I think a shake up is needed!