Well put, the lack of consumers is definitely an issue. The problem is consumers aren't going to buy in to a highly inflating economy in the long term. This is clearly evident from STEEM's continuously degenerating price versus BTC over the last 4 years. What they may buy into, though, are individual blogs or content hubs. Patreon, tipping and subscriptions work. What I'd like to see is a gamified social network with a decentralized advertising and tipping model. Inflation-funding has failed. I've written about this in the past, but hope to expand more on it in the future.