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RE: What's the competition for Steemit?
There have been a load of similar sites. There are a few that concentrate on images and/or video. Steemit seems to favour posts with more writing, but there are some good posts that are mostly images. I think the presentation needs to improve, e.g full screen slide shows.
You can't save video or image very well on a blockchain :) You would need really distributed and decentralised network of nodes to store it efficiently.
That's actually on the roadmap https://steem.io/roadmap/ipfs/
Cool. It is essential, of course, for any type of social / authoring network.