What's Up With STEEM's Price?

Over at steemit, I have a theory about why the price of STEEM has been dropping, despite reports of rapid growth.  In short, I am guessing that it's safe to call "a bottom."  Here is the conclusion, but click through for the explanation.

So my theory is that STEEM demand dropped when people learned they could liquidate their SBD holdings without going through STEEM as an intermediate step. Now, $0.85 should be more or less stable going forward, as $0.15 probably represents the risk premium associated with the 7 day SBD to STEEM conversion process. If that holds steady, STEEM should have hit a bottom and now be free to start reflecting user growth again.

Does facebook’s economic structure promote incivility?

What I'm thinking about at the moment:

In the past couple of evenings, I've spent a little time playing around with tsu.co and steemit.com. These two social media sites differ from facebook because they pay their members for contributing content. I have already posted in facebook several times that I think it will be necessary for all social media sites to adopt that model and pay their users at some point in the future. Eventually, I think that free won’t be good enough, and people will demand a share of the revenue that their content draws in.  But today, my thoughts have drifted in a different direction. How does the monetary incentive affect the way that people interact in social media?