The current business model of social media doesn’t extend profits to the creators of the content. Besides, it is susceptible to censorship, as actors with enough power can exert pressure to block users or content that they don’t like.
Full Article: https://cointelegraph.com/news/steemit-founder-bitcoin-mining-model-is-fountain-of-youth-for-mainstream-media
"Rupert Hackett – Steemit, Using Blockchain to Compensate and Protect Speech"
Ned Scott, co-founder of Steemit, says he plans to make the platform’s in-built incentive structures and censorship resistance interoperable with the rest of the internet. He forecasts that traditional blogs and publishers will adopt Steem to secure and incentivize their user’s content. Scott told me:
Full Article: http://www.the-blockchain.com/2017/01/30/rupert-hackett-steemit-using-blockchain-to-compensate-and-protect-speech/