Honestly, to put it plainly Memo has way too many issues. The cost, even just 1,000 bits put's people off due to the inaccessibility of faucets, and the concept of paying for posts.
I disagree. This is a Metcalfes law chicken and egg problem. People don't use memo because there aren't many people using memo.
I agree! We are the earliest of the first adopters of the gold standard of social media. Adoption will be slow at first, then it will grow at exponential rate until it's ubiquitous.