I've only been on Steemit for a month or so, but think it still have a lot of potential, maybe because I am still new to the game.

The factors I consider however are the following:

1. The addiction factor of users.

How addicted users are to the site? I was and still am quite addicted to Steemit, much more than when I first found Facebook. But what determines someone's addiction?

A study done by Harvard Research Science reported that talking about ourselves on social media activates a pleasure sensation in the brain usually associated with food, money and sex.

Well no shit, now we are getting that same sensation on Steemit, but not just from the upvote that releases the same sensation as a like but we also receive money for it, therefore 2x the addiction sensation.

Therefore I assume a lot of the new users will be just as addicted once started using the platform.

The problem however is that these upvotes are not as regular as on Facebook or Instagram, just because all your friends and family that usually see your post first and like it because they feel obligated to do so aren't yet on Steemit. But in a few year, I predict that it will be the same.

1. Usability - Steemit incorporate all the major well known social networks currently used by the public, steemit blogging = any blogging site already monitized from the start, Facebook = busy.org, Instagram = Steepshot and Youtube = Dtube.

2. Sellability - How easy is the idea to sell?

Well everyone are on Facebook, Instagram and YouTube already, but they are starting to get irritated by the advertisements blocking their ease of browsing. Now we have Steemit with the other sites build on top of it that provide the same service or experience, but without any adverts and wait... An added bonus... You get paid to be on the platform! No way!

How easy is that to sell to your friends?

The only negative aspect I found however was the fact that you need to wait to get signed up, which is counter productive, because everyone is so used to instant gratification that they want to sign up now and get going straight away, without needing to wait.