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That would be doable, although the content would be unreliable over the long-run based on what the host providers do. If they change the link structure, all the links will be broken. If they go bust, you lose all the images. If they decide to block your site from using their images => they can... etc etc...

there are projects in steemit that deal with image hosting. maybe a standarised hosting platform can help.

The problem is that the moment you opt for the centralized way to host image content, you gain efficiency in serving content but lose massively in censorship-resistance. And then you don't have anything to compete against a imgur...

While the blogging right now is text-based, the same could be said about all the links in them. Eventually steem could maybe make use of a decentralized file storage system for images and video.

I think eventually, years down the road, it can happen.

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