So many good points in here. Some of which I have already discussed in other comments, but ...
I wanted to address the idea that Steem will grow into it's value. Crypto by it's very nature is unrealistic. Why think small. :) Nah, not arguing you might be right.
Playing a little bit of the devils advocate here :) I ultimately like and enjoy steemit and steem. And my tech knowledge is not the best. Grain of salt etc !