The steemit is not the biggest problem here.

Yes, they could have sold few millions more when it was ATH, but alas...
in the last 30 days there was about 6M steem going out to the exchanges (not including 800k from steemit), so it is a big number, but it is not the greatest.

One of my visions is to open up a small STEEMcafe which would accept only steem/sbd and basically serve only coffee and beer :D

however,

Just like there is dollar economy, euro economy and various other economies of separate countries, we could strive to create a global Steem economy.
Then the price of STEEM wouldn't even matter because this economy would be self-reliant.

In the end these restaurants and businesses that would be paid with steem need to live, pay the electricity and stuff that involves government and broad public - that's basically utopain - I don't see governments anywhere near crypto, and especially not steem, with a badly pegged token (SBD).