I'm new to Steemit, and I was trying to explain to my wife what Steemit is exactly. The most fundamental way I chose to describe Steemit is as a Facebook-like social media platform built on a decentralized blockchain powered by cyrpto-economic incentives.
What do you all think? How would you describe the type of social media platform Steemit is? Can a user be successful using Steemit as a Twitter-like platform, or is it more conducive to Facebook-like activity?
To me it seems like a hybrid of these, but also maybe of other online platforms, like Youtube, Wordpress, and news.
What do you think?