@acidyo - I generally like the idea of social media on blockchain, and steemit has a major first mover advantage. However, it still doesn't have the kind of user friendly interface to attract more users (at this point) or pull them from platforms like FB. It seems a bit disorganised, unstable (at times), and can do with some user friendly tools for creating posts (without having to know html).

It is possible that if somebody does some serious investment into a similar portal, steemit can lose its first mover advantage.

If steemit keeps improving its portal and keep adapting fast, it is here to stay and 10 years from now could even take over FB (and that's saying a lot) - but that's a long way for now! But if users are incentivised for using a portal that gives it all the range of functions something like FB provides, no reason they wont'switch.