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Not can it... when will it.

NO. Steemit rather a blog than a social network.

Steemit is a step in the right direction , but its still centralised.

Facebook has 1 leader Zuckerberg

Steemit has 100 or so leaders the Whales

"Minnow-it" will have no leaders and reward power will be the same for everyone, creating an environment where merit as well as hard work decide on reward not the personal opinions of a few. One Fish One Vote

Pretty idealistic perspective. Anyone on "Minnow-it" will still have access to money for the internet and personal stability in their lives. So not exactly the equality-paradise we might imagine.

Its not a complex idea to separate financial power from voting power. Without doing so it's exactly like all hierarchical systems. Blockchain decentralises, Steemit centralises therein lies a problem

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