My main problem with Steem even now, is the market valuation... $200m?! Sure, it's not a problem that I only have with Steem... I have it with pretty much everything on the market right now, including home prices in many places.

Reddit made less than $10m last year. By any sane PE that's a valuation of $50m. Sure, twitter "made" almost $1bn, and Facebook "made" $2bn... so by sane valuations I'd say worth $4bn and $8bn. Sure, they can all add "pay" buttons and partner with banks, to drive some more revenue... let's say $5bn and $10bn... okay $20bn at a stretch. $200bn?! $300bn?!! Puh-leeze. No really! $300bn?! Facebook can't make that money up in 20 years. Not without hyperinflation.

I'd love to see where all of these will end up come another 2000 or 2008... Hey, look! It's 8 years later, again.