It takes Steemit so long to get anything done, I just wonder whether it's got the long-term potential I want it to have.

I think STEEM is too big to fail, but steemit not so much. It seems like they're going in a lot of directions all at once, but they're also spread way too thin. IMHO, they should dump the condenser. There are a number of interfaces out there that do it better (busy, zappl, pretty much anything...). It takes focus away from them being able to build a platform, tools for the blockchain, and witnesses. It's time to throw in the towel on that one. They've proven decentralized condenser works.