It could over take it once the there are enough different platforms over the steem blockchain... They alread are and i see no reason why not building one similar to facebook... Steemit.com as a site must transform it self in order to grow...
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I share your opinion. Numerous services for video sharing, tweets, bloging, etc. based on steemit reward platform will be available in future. This will challenge google, facebook and other enterprises sitting on the market.
Sure of course. Anything is possible.