Facebook does not intend to empower individuals by rewarding content, but to create an infrastructure of simple, fast and secure payments. Steem offers exactly the same for three years already, but lacks one incredibly important thing: simplicity.

Yes, we do believe that the lack of simplicity is the biggest stumbling block for steem's success. The other stumbling block is the bidbots.

If a new simpler social media platform on blockchain is introduced in the future, then steem's days would be numbered. It will be like what happened to BlackBerry phones, which despite their first mover advantage lost out to their competitors.