You've raised some truly valid points, certainly hope this is the case with everything that's going on with steem-engine and the multitude of new Steem tokens.

There is that cheap vibe I get when seeing how this totalSupply could be divided into an infinity of totalSupplies, but as you mentioned, there are definitely positives about it, those projects may bring extra value and revive the network, maybe it will truly function as an engine for the Steem machine.

Still, wishing there was a clearer way to separate the good value from the junk, and that it was all made in good taste, but it is indeed very early, hopefully Steem will mature nicely in the upcoming years.

Interesting read, thanks!