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We could say that Steemit really boomed in its first two years, even reaching an all-time high for its token and making it into the top 50 cryptocurrencies by market cap, but today its value is too low, and its processes—I'm referring to giving value to others for their contributions—are too centralized because of how it works.
Basically, you have to be behind those who have the most voting power, and among them they vote as witnesses to maintain the nodes. It's a circle, and I'm sure many continue to profit from it, but for normal people like me who just want to create value, I could never get involved in it.
Hive is a little less centralized than them. I've been there for years, but it works almost the same way.
I guess I wasn't thinking of Steemit as an active place or their tokens as real money.
I found out about Steemit after I started the SN research project. It was one of those moments when you realize you wrote something wrong: "To our knowledge, no other messaging platforms allows its users to directly to tip each other real money directly" <-- seems like that wasn't quite right.