As I see it the main use of Blockchain tech is to liberate the expression of value, Bitcoin being the first example of this with liberating the expression of monetary value. Steem is the simplest and most accurate way to pay people for the value of their content. It is simple because it allows people to post whatever they want. It is accurate because the voting mechanism works almost like a prediction market.
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"It is accurate because the voting mechanism works almost like a prediction market."
well it works as good as a prediction market where I have given myself 80-90% of the prediction power to myself...so it works as a very srewed up 'prediction market' where I make all the predictions... :)