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I don't really think it is. Right now Steemit is a blogging platform, strictly speaking I wouldn't even call it social media.

True it's a blogging platform, but it's also very interactive. WordPress is also a blogging platform, but I've never socialized with other bloggers on there or shared questions/posts/contests across WordPress. And then there's the whole cryptocurrency angle...

I wouldn't compare it with Wordpress although strictly speaking deep down wordpress is a Content Management System. But if you look at the likes of Medium or Redit the similiarties are clearer than that of Facebook.

Yes Reddit seems like a pretty clear parallel. I haven't checked out Medium before, but I will.

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