I think another thing to remember is that Steem as a crypto currency and a blockchain are something different than Steemit the blogging interface with the blockchain. Steemit already has two competitors. One of which, Busy.org, has been getting some hype as of late. I've used it when Steemit has gone total shit show and it works fairly well.

I'm all for rolling out new products that interface with the blockchain and create more demand for steem the currency through SMT's. I'd like to see a bitcoin level price please.