Yes. But they are not doing anything to foment the growth of Steem outside the crypto-currency enthusiast world.
If they don't create a decentralized environment for content creators which does not force them to leave their own blogs (e.g. creating a "steemit button" for CMS' like Wordpress or Drupal) then I think they will go further down. The concept is not bad, but it lacks a long term strategy.
i agree it lacks long term strategy, but thats what happens to all "money first, work after" ICO projects. when i think of steem i think : ok so its LBRY but they had a scammy ICO that has dropped price from day one (LBRY had no ICO so its free market/miner price drop)
and its a circle jerk around some dude named ned whos now rich as fuk ? o and it takes YEARS to cash out or some shit? what dumass would buy INTO this ICO?
ill stick at LBRY thx, they reward ME as a creator, with NO cut to them, and was NO ICO. steem... lmao... what a joke, you guys kinda deserve it on that one imo