I think Steemit could take over social media if it's done right. The incentivization of everything is hard to pass up on.

My experience has been wonderful. I've met a lot of really awesome, talented people, and I've managed to stack a decent little amount of SP. A lot of content goes unnoticed, but that's anywhere. Building a following is everything, so you have to really interact with the community - or you fall behind. :P