Hello @ashe-oro
You have made some valid points here...
The current social media platforms WILL eventually move over to a blockchain-based model and offer crypto rewards for content and engagement. Will Steem survive? I'm not sure, but from what I've seen the door is still wide-open and there will eventually be dozens of large blockchain-based social media platforms in the future.
This is a reality developers of Steemit must come to terms with if this platform must endure. Honestly, this is giving one concerns..