Bye Bye Censorship: Is Facebook the New Myspace Now that Social Media is on the Blockchain!?

It seems blocktrepreneurship is not limited to FinTech now that Steemit.com has leveraged the blockchain to create a mutant Facebook/Reddit hybrid that boasts the ability to compensate content providers (i.e., writers) while protecting freedom of speech. But is Facebook becoming MySpace? Will Steemit.com supplant Facebook? Probably not, at least probably not soon. So far others like Diaspora, Minds, etc. have played a subpar David to Facebook's Goliath but putting it on the blockchain does provide a certain advantage; transparency and compensation for content providers. But are transparency and compensation enough of an incentive to create a Great Migration from Facebook to Steemit? Well, I don't know but I like the idea enough to encourage it. Do you?

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