The creators of Steemit would get sued if someone were to use the platform to publish information that powers that be don't want published. They wouldn't bother making accounts and playing the (capture the) flag game when they can instead play on their own court.
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Depends where Steemit is hosted. In many countries, the owners of the site are not responsible for the content. Do you think anyone sues Facebook for hosting millions of copyrighted images and videos? Or Wikileaks, for hosting sensitive government information?
It would be nice if the answer was no but it's a yes. We live in a world where even little kids can't run a lemonade stand. Facebook has huge departments of people to deal with just that and we all know the crap the Wikileaks owner deals with. The owners are still responsible. Social media like FB and Twitter always delete content and accounts when the pressure is on.
So what's your point - that they do get sued, but said social networks continue working despite that, because of their huge profits? If we assume this is the case, then wouldn't Steemit be even more vulnerable to censorship from people threating to sue? In effect, Steemit will be prone to more censorship than Facebook or Twitter, because it doesn't have a department of lawyers, as there aren't enough funds to pay for their services?
My point is if someone does want to go after Steemit, they will either go through the courts and wreck the creators financially or go straight for the creators and treat it like a criminal enterprise. They can label it like another Wikileaks except with cryptocurrency, which they don't understand and think only criminals partake in. Its naive to think it would end well. All I'm saying is one person using Steemit as an exclusive platform for 'leaked' information that major powers want down isn't worth it.