Basically they were just making a version of steemit where all the contributors were slaves producing and consuming content wasting their lives away. No wonder Fakebook and the like spread vanity like a disease. these idiots who were dumb enough to be exploited would simply be putting out something to get some feedback. In steemit we have a system to ensure quality which some other projects like https://alismedia.jp/ https://yoyow.org/index_en.html and https://tronlab.com/ are also trying to emulate.

Social interactions must always be an exchange of value. If no value is exchanged, what we are left with is a waste. When I look at the Mainstream social media, that's all I see; A Waste.

I don't think Fakebook will collapse fast. There are too many idiots. Idiots are always attracted to vanity. Just look at most of the millennials. As a millennial myself, I know that most of the young crowds will be hopeless in a value based community like steemit. they just want something for nothing. They want everything to be equal and every pointless thing to matter. Steemit will become sort of an elitist social media that is reserved for intelligent and productive people. Sort of a safe heaven for us free market free thinkers.