Wow, this is by far the longest comment i have ever gotten! You shouldve made this a post and then just slapped the link in my comment section.. Lol.. a lot of really good points you made here, to many to really reply to be honest.. yes there are obviously many issues with the platform but what you have to know about steemit is it is really just a test net. It is still in beta and to be honest steem (the network) doesnt really need steemit at all.. they just needed a working model to prove to other social media companies that blockchain social media could be done.. they probably really dont care if it falls apart once appics and other social media platforms start using the steem nextwork (kinda like how other cryptos ride on the etherium network). Thats why steem is going to be so valuable in the future, not because of steemit or dtube or anything like that. Belive it or not. ;)
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Yeah haha sorry I ramble a lot.
Oh right, I keep forgetting that because in my brain Steemit = Steem blockchain. I mean it's made by the same people, right? But indeed Busy is out now and really nothing is stopping you from making your own frontend if you want. Just as long as the blockchain plays ball and the devs don't fork it all of a sudden or change the APIs. I think Hivemind is meant to help that along a great deal.
The problem though is, the frontend doesn't really change how the voting and payouts work so it's not like some fancy version of Steemit would fix that, unfortunately. But yeah it's definitely foreseeable that the rules could change in the future. They better not be touching people's funds though lol, like you can't really affect change against the massive disparity of wealth that is on this platform without literally stealing money from people. Just how it affects what people can do with their accounts.
I really doubt that any bigger platform would transition to the Steem network. I'd sooner believe they would make their own crypto network if they so choose.
I do hope it's going to be valuable in the future lol, so far I have to say it's the FIRST actual altcoin / ICO I've seen that has actual utility right now.