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RE: steem price is not justifiable at the moment.
Subjective value. Is it going to be better for you if the price per steem is $1.00 and the average post gets $20?
I fail to follow the logic. If you believe this platform could grow into the millions of users, then what post are paid and how much shouldn't affect your decisions on whether or not to invest in it.
I think average posts should be like few cents, and only top 1% posts gets like $10. That would be a reasonable amount.
What does it change for you as an investor how much people are paid? An investor looks at the present value of a service or product and then guess how big its going to get in the future.
If people are paid well to write and curate, then how can that be a bad thing when the goal is to attract a large user base?
Again, i fail to folliw an logic in your argument.