Great analysis. You break it down in a simple way and also offer good suggestions of how to solve the problems. I think Steem’s dependency on Steemit.inc has and is one of the biggest short falls. Broken promises and really bad communication, and now selling off a lot of their stake and lowering the price.

Hopefully soon Steem’s price is going to be dependent on many other new good platforms and projects and that is what will offer it stability. It might not be a social platform but something complete different - only time will tell! But we should not forget, steem usually lags, but when Steem gets momentum upwards it can go really fast.