"Agreed. I think the value of steem is inextricably tied to the perception of the value of this platform. And with all of steemit's deficiencies, I simply am dumbfounded by Ned's assertion that it warrants a Top 10 valuation in the global crypto space."

He fundamentally disagrees with your premise. He thinks the value proposition here is almost entirely SMTs, because he's going to "tokenize the web". (lol)