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RE: YouTube will dominate steemit.
It's going to be a trickle that suddenly turns into a flood, like a dam bursting, and I agree it will be a serious test of the platform. Given how well the Steemit is performing as a beta release with the exponential adoption that has happened over the past two weeks I think the devs are have prepared for a tsunami, but time will tell.
The site needs to be more friendly and convenient for subscribers/followers (notifications, profile walls, etc). If it can do this and beef up security, I think steemit might have a chance! I'm near investing, myself.
Yes, agree on all points and I'm sure all of that functionality will be in the final release (this is just a beta). The dev team is really top notch, one of if not the best in the industry.