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RE: QUESTION: what is unique about steemit ?
In the case you are describing, Reddit would have to pay out millions of dollars to creators, which would have to be taken out of their own profits. It's a completely different business model. In the case of Steemit, we as creators and as a community are the backbone of Steem currency.
Are you saying that if content creators are paid for their content there won't be need of steemit? Netflix for text content/ blogs will eliminate need for steem token ?
Not at all. The beauty of Steem is that creators are rewarded not out of a pocket of a dirty corporation.