Nicely written and well said. However, I don't think that facebook is going to be knocked out by Steemit, but this is definitely the beginning of the end of their dominance in social media unless they change their business model.

Mark Zuckerberg is already watching Steemit closely and I'm sure he and his talented team are taking plenty of notes. Take a look at this info on Steemit:

https://steemit.com/steemit/@pressfortruth/mark-zuckerberg-eyes-cryptocurrency-for-facebook-in-attempt-to-take-down-steemit-com