Very thorough and lucid explanation. Thanks @adonisabril. I've been on Steemit for less than 2 months and I find all you have said to be true. I'm self employed and am an author, so I have those advantages over people who are at work all day, and who, perhaps, are not blessed with great writing skills. Meaning, while I love Steemit, I have to say it's not for everyone.
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It's not for everyone but it's a great start towards an incentivized social media platform :)