I think steemit will survive and have a place in the future of decentralised social media, but it might not retain the number 1 spot. With ONO, U Network and the EOS based one being built by BlockOne, competition is about to arrive big time. It will be interesting to see which of these offers what unique selling points. For many, post rewards might not be the driving force of adoption. Privacy might be a bigger concern.
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Privacy may be a big selling point for some, transparency for others.