Thanks for thinking & writing this all out. We're in for a wild ride with Steemit as folks realize their version of reality (social media platform or compensation for work in general) may be flawed. Of course, so could ours. :) Stoked to be along for the ride.
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In many ways, this is all "a big brave social experiment." A social content platform, on the blockchain.
But we have some good things going here, that stand alone from the tech and the rewards... a return to "social blogging," which is a market niche that has been largely ignored since about 2007-08. We also have this more "censorship proof" platform, which is a very apropos thing to have in these turbulent times of corruption and dubious corporate/government intent.