I think that a big problem with Steem perception is that it is mostly from the inside out rather than the outside in. The Steem blockchain has to demonstrate exterior value in order to maintain a value, this is the problem. Cryptos are all very unstable right now because the vast majority of them are only backed by their blockchain/technology. If the markets start to tank this may not be enough. I'm thinking cryptos backed by physical assets may be the ones to emerge as valuable but only as a convenient means of exchange for the commodity itself.