We are in the market for attention right now, and resources are limited. If people are spending more time on Steemit, they are obviously taking that time away from somewhere. But, Facebook is not going down any time soon.

1: It has entangled people with connections that they often wouldn't have anywhere else. Quitting Facebook is somewhat like quitting friends and family at this point. And as a famous cowboy once said, "I can't quit you!"

(I don't see my 70 year-old aunt Darla, three states over, posting on Steemit any time soon.)

2: Fecebook is heavily entrenched in bringing VR to the mainstream. If you can sit in a room by yourself with goggles on, and feel like you're in a room with 3 of your closest friends to have a "face-to-face" discussion, you won't abandon that platform entirely, just for the privilege of reading long-ish form content.

I love Steemit and I am STOKED about the possibilities. But much like Tesla with the auto industry, I think Steemit will be more of a catalyst for change in the social media industry than it is likely to put anyone else out of business.