That's a good analysis of steemit. However, I think you're overestimating the importance of technical issues with steemit on the price of steem. Steem is one of the best blockchains and just the existence of steemit and other apps puts ahead of most others. How much do you think investors know about technical issues with building apps on etherium, which I'm sure they have? Most investors buying on exchanges don't even bother digging into tech. I was actually wondering what percentage of steem held by investors excluding steemit inc is actually in steem power. Most probably don't even know they have that option if they're just holding it in an exhange. I think more articles explaining all this targeted toward investors is what will help raise the price of steem.