No need to feel dumb. In my mind, it doesn't really tell you anything, other than someone has a bunch of tokens. Doesn't mean the tokens are worth much. It just means there's enough out there to generate some cost per unit.
If they got away from the market cap and looked at unit cost, STEEM's higher, even at $0.40. We're getting torched by a bunch of tokens that seem to have one use, and may or may not be being used for that use.
Howdy again sir Glen! yes sir I get it. Well, taskmaster said it's a good thing for now that Steem is flying under the radar because they couldn't handle a large volume of people joining anyway, yet. Hopefully they're gearing up for that.