RE: Do you still think that Steem is still cheap at $1

While your points are very true, keep in mind that many things are in the making to streamline this process and allow mass adoption to be much much easier. Yes, Steemit is difficult to understand, and BTC is hard to understand.

I like to think about it this way. People don't understand how to dollar works either. Oil backed ETF's and futures, printing money and inflation...it's all one big puzzle to the average person. But just as the internet did in the 90's, things will come along that make it easy, (and stable) enough for average joe to put his 401k in crypto. I think what you are asking is, are people too stupid for something like this....well...maybe. But don't worry, the easy buttons are all coming out now!