Why steemit will Fail ? is it really the time to be worried ?

Yea, you heard that absolutely right, I’m announcing steemit as a future flop. i was been asked at different forums but i know everyone here is educated so i brought my answer to you guys

what i was asked was: What are the fundamental flaws?

i responded with the following flaws in steemit:

1. Inflation rate
2. Very difficult to understand the whole system.
3. there is nothing to hide (zero privacy)
4. flag trolls.

It has been wrtitten many times about the first flaw that i mentioned in steemit.
the second and third are not really big flaws but in it very difficult to an average person to understand the whole setup of steemit and third is is no privacy on steemit. you can check anyone wallet any time with all his income mentioned there.

The fourth is the most underrated flaw of steemit. flag system in steemit is very much abused by everyone which is not good as other social site (big sites). it can be your most big cause of failure on steemit, which again point out the flaws in the system. if a person fails because of this flag flaw that person will ask ten others to not join or waste your time in this platform. The flag system needs only a minor overhaul, but the system still needs to be clear to everyone and its been years now but no improvement is yet done. It’s insane and completely unsustainable.

For me these were some main reasons of failure of steemit, whats your opinion on this ?