This is a great description of what steemit really is. I tried explaining the concept to friends but by calling it a social medium I really got the idea they had a wrong impression. They kept wondering what the value of it to the creators was. Why would a social media post be worth money?

But when I started calling it a blogging platform people didn't even question it. Blogging sounds more serious, more valuable in terms of content. It makes sense to get paid for that.

I think it could really help prevent people joining steemit with the wrong idea (and getting disappointed very soon)