Actually the Steem system isn't just a website. You can access and post to Steem without going to Steemit. Take a look at busy.org or chain BB, or esteem. Steemit != Steem
You're correct @neoxian, I should have been more clear.
Steemit is a blogging site owned by a corporation. Technically all the blogging sites could disappear and Steem could still be of value because of the transactional speed and feeless nature of the Steem blockchain.
Actually the Steem system isn't just a website. You can access and post to Steem without going to Steemit. Take a look at busy.org or chain BB, or esteem. Steemit != Steem
You're correct @neoxian, I should have been more clear.
Steemit is a blogging site owned by a corporation. Technically all the blogging sites could disappear and Steem could still be of value because of the transactional speed and feeless nature of the Steem blockchain.