Glad you wrote about this. Most of the people investing in Steem only valuate it based on steemit.com. Steemit.com is just one interface/service that is built on Steem. It may be the easiest entry point to Steem blockchain as of now. But over the time we will have better interfaces and the amount of content generated and stored on STeem blockchain coming from Steemit.com will be a small part compared to the content that is being generated from other services. The day that happens the true potential of Steem will become visible to all the investors.
I wrote about this in my post https://steemit.com/steem/@gokulnk/steem-to-the-moon-again. Recently I was discussing with a friend in government about Using blockchains in governance and that is when we realised that Steem already addresses many of those usecases and Steem can be used to empower Governance as it already has governance built into its core. We eneded up quoting from Steem whitepaper more than a couple of times in that single article. That is when I realised the true potential of Steem project.
The DNA of STEEM comes from anarchism which means "without rulers." We can set up systems that are voluntary and govern us without resorting to threats of violence or control. It's a beautiful thing. :)