You are totally right, MySpace was very different from Facebook, but it lost. I can't compare Steemit to Facebook because it really is a redicilous comparisson in terms of functions. But I do remember when Facebook became widly adopted thanks to their 'share' politics. There was a shift in the way people were thinking about how the web connects us. Now we have new platforms who reward the content creators and if a miricle happens maybe the same shift will happen. Maybe the real question is will we still be using platforms that sell our data instead of reward us.
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Thinking it through what might take down FB is a portal that links in your other social services, if all said services are willing to create APIs to work with each other.
So, for example, you'd post your pics to Instagram/Snapchat, your ramblings on Twitter and your longer blog posts on Steemit.
The FB replacement then would be where people manage their friend lists and other things I mentioned, while the feed itself is populated from Instagram/Snapchat/Twitter/Steemit.