I came here from WordPress and Facebook experience. I think Steemit is not a social media platform. It is more like a blogging platform. I'd say a mix of Reddit and Medium. Facebook is a far inferior, manipulative company. Steemit and Steem based SMT platforms are going to eat Facebook soon.
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You are right about explanation, and also i want to add steemit and its sisters as Dtube are going to bit more sites, hopefully:)