Depends on where your prerogatives lie. If it's making money, then no. Steemit certainly can provide for that. There are also other options to making money from writing however they lack the networking resources to accommodate.
If you simply want your words seen and heard, there are better venues that also offer some sort of incentive...if you play by their rules.
Time will tell if it will get better. I certainly think it will after some growing pains and notoriety. There will be one caveat however, and that's getting the money trickling back through.
RE: Is Steemit The Solution To Facebook Ripoff and Monopoly ?