IMO it really just comes down to fatigue. I know I'm not the only one that bounced around a few of these "decentralized social media" shitcoin projects back in the day. Same as people who don't buy #Bitcoin because they've been inundated with so many scams; folks just have a bit of a firewall up that we have to give them grace for, and help show them how #Nostr is different.

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Lol, I remember Steem. I think Vitalik made that too right? Same guy that made eth?

The problem was the content sucked, and most posts were in Chinese anyway. And then making the whole thing run on its own token seems pointlessly shoehorned in.