It's an interesting piece but I think it stops short of a few steps. Steem isn't the community. It's still a currency mainly driven by speculation and market forces. It's price is based on the value people think it has, not just the people who use it.
Personally I think it's valued right or even too high. There needs to be more uses for the currency and incentive for people to buy it.
I share your wisdom and perspective good sir - thank you
There are some big plans for the Spring, so I think taking into account the future value of these new features, Steem should correct upwards.