As a newer user to Steemit this article taught me a lot of things. I didn't realize the relationship of 1:1 has a soft padding to ensure it doesn't dip too far below that.
I'm not really sure I see a downside to the high value of Steem. It makes the platform more attractive for professional original artists to join the community. I think the goal should be to empower creatives, writers, thinkers, people all over the world, etc. The high value only helps that.
I agree @littlezebra, welcome to steemit - heres hoping they hear us!
The problem is not with high value per se, but with the associated fluctuations. When a currency fluctuates in value, people stop using it for transactions and start speculating on it. Similar to what is happening with bitcoin.