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Steemit has no business taking over Facebook because they are two completely different things. Steemit is about blogging while Facebook is more of a micro-blogging website. However, an app using SMT's focused on micro-blogging and social networking could take over Facebook even though I highly doubt it. Facebook is just too much of a giant, maybe it will integrate SMT's but even that I highly doubt. I don't think Facebook will continue to exist for too long though if they keep disrespecting their users privacy, there is only so much people can take before having enough of that bullshit and leaving that website.