Your post is awesome, but I do have two questions that might be out of topic, since you know a lot about Reddit. Do you think Steemit is a competitor to Reddit? and is it possible that Steemit someday will surpass Reddit in terms of ranking and quality content.?
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Certainly, Steem is a major competitor to Reddit.
Steem is very similar in terms of user experience. Both are oriented around commenting on posts. I expect the incentive layer on Steem could make the experience more engaging and habit forming. Reddit has an incredible community, via interest-specific subreddits. However, the platform has little innovation and does not particularly seem to care about improving the user experience. The curation and moderation models have broken down for many subreddits, especially related to cryptocurrency, where most of the front-page posts are from trolls, shills, or doofuses.
I'd say Steem has yet to develop strong communities. Perhaps the release of Smart Media Tokens will help community building as communities develop around tokens. However, I expect users and communities will emerge with time, at which point, Steem could become the new "front-page of the internet".
P.S. I think you mean Steem not Steemit (the former is the platform and network, the later is a single company / frontend).
Well, I'll say for steemit to overtake reddit, cryptocurrencies would have to be mass adopted and have awareness more than ever. Hopefully going forward, the world would understand and key into the opportunities provided by sites like this one.
Things like Facebooks Analytica firm getting raided yesterday and people like Elon Musk telling their employees to delete their facebook..
As well as these type of conversations that are being held here :)
I do believe we are stepping in the right direction!