A few months ago, STEEM was at $4.40 and it was possible to make a reasonable, not rich living out of it with consistent work (in many European countries).

Now, I agree with you, it is about the benefits of connecting with interesting communities and building for the long term by powering up.

However, there are many people in developing countries such as African countries and India who are able to improve their quality of life significantly thanks to STEEM and that is great.