You have great points about investing in Steem for the long term. It's like you said - nothing on Ethereum works. Meanwhile, Steemit is functional and getting bigger and better every day. I see way too much value stored in Ether and those weak ICOs built upon it - and hope to see Steem and its eventual steem-based ICO tokens be like the second try at that model, with all of the lessons learned taken into consideration.