Steem is a perfectly legitimate cryptocurrency
I don't see STEEM as a currency like bitcoin, it is only designed to be held for very short times, due to it's 100% annual inflation rate. Now steem dollars (SBD) that could be a valid currency.
In saying that, I am very confident for the future of steemit and I generally agree with your sentiment
I'm saying this as a fact that Steem is a legit cryptocurrency. It's irreversible, and decentralized. Inflation is simply another thing, that doesn't take the legitimacy away from Steem. Of course, you can always power up.
But I agree fully with the second part of your comment. I believe in Steem as well.