I am obviously intrigued. I also immediately see a lot of voices crying foul over a flawed distro scheme and its hard to discern what happened. Was it just difficult to mine at first, leading to the devs mining a lot, though fairly? Were there honestly no shenanigans similar to Dash or Vanillacoin?
Steem is just another Larimer scam. Nobody is going to end up using it. The Larimer Gang pulled the same stunt with PTS mining. I know, because I was mining PTS from day one and there were several people complaining about not being able to connect to the network. Nothing the Larimers are involved in is fair. The only blockchain-based social media network that will be of importance is Synereo.