I do think Steemit is a great idea and has potential. But it has a lot of work before it becomes a success. A LOT of work. The first issue that immediately needs to be addressed is the flag system. This is a make or break for this website. Mark my words.
When a punk can come on your page and get a friend or 2 to aggressively flag all of your content because it makes them feel empowered, then it hides your posts and pictures, this is a system setup for failure. And you will see the stock continue to drop because people get quickly tired of these flagging fools and stop posting. It's ridiculous! A prime example of one of these complete morons who says he's policing the website is ( @neoxian ). So if flags remain and the site tanks, which is happening right now(crypto-currency market), you can thank him and the the other mega flaggers on my page for their HUGE efforts in being flagging dickheads. Better consider cashing out ASAP!
Simple logic here. Hire or assign moderators to the site that can delete plagiarism and bots AND DUMP THE FLAG SYSTEM IMMEDIATELY! Or else you will have a group of flagging idiots that are full of pride that will sink this ship quickly.
This will be my last post until this major issue is corrected or I will abandon the site altogether. I invite you to join me in hopes we will have an enjoyable Steemit one day.