What do we think of Steemit?

Why is everybody on Steemit at the moment. To really blog on their lives/ hobby's e.c.t. or just to make cold hard cash after watching some youtube videos that make at least 300$ per blog. It's a good platform to post you're stuff and to get people involved in what you're posting. But will everybody see it? At the moment i don't think so. There are to many people posting on steemit so if you put in a new post with in seconds the post is not on the screen anymore. Is this a good devolopment for the Steemit community or will this be downfall in the end for Steemit.

What do you think????