Steem is more than steemit.com...it's an agglomeration of all the businesses that stacks on top of it. It solved multiple problems at once. It does instant and free transactions, allows to incentivizes behaviors on social media and probably does other things that we haven't even considered yet. (think cryptokitties)
Yeah, very true. I still remember trying to explain this to some people during a steemit seminar this week.
I use the steem blockchain and ethereum contract kind of tech to explain it. Steem is an architecture and blockchain which complex applications can be built on top. Applications that'll add meanings to life, decentralized apps, and app which data will be saved on the blockchain.
Thanks @cryptoctopus for this wonderful article. I've learnt from it too.
Happy Steeming