This is a terrific post. Having chatted with you before SF about your communication concerns, it's really nice to know you got the firsthand look and information you needed to feel confident in the vision and the work they are doing. I think you described it well here in terms of the long term choice they have made to create something which can be much bigger and ultimately reach a lot more people (even if it takes a frustratingly long time to build). And in that way, Steemit.com can be much more, yet it's essentially a proof-of-concept for what is possible all over the Internet.
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Thanks so much for chiming in and for the encouragement! It was a good reminder that no matter how rational we think we're being given the data we have, there's almost always more sides to the story and more information we don't yet have which might lead us to a different conclusion. We're still in the early days here and it's possible for quite a few things to go wrong still, but I'm excited about the potential, for sure.