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I found out about Steemit after I started the SN research project. It was one of those moments when you realize you wrote something wrong: "To our knowledge, no other messaging platforms allows its users to directly to tip each other real money directly" <-- seems like that wasn't quite right.
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I understand that Steemit was quite popular at one point, but then it lost popularity with the advancement of technology and social media.
But basically, it's about creating written content, and it depends on the voting power of the people who like your content, which is like giving you a like that gives you a certain number of tokens depending on the power they have.
The power comes from the $STEEM tokens themselves.
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I remember Steemit. It seemed so promising when I found it, but I never felt like I got the hang of it,