Yes, that is the main difference between the two platforms that I discovered also. Steem is censorship-resistant (as long as you don't piss off whales.. kinda, so some discussion about this possible) and Narrative likely won't be. If Wikileaks posts on Narritve you can bet that the FBI will be able to get their 'customer information' from the Narrative devs.

But how important is censorship resistance to the average Steemian? Sure it was a big thing for a while with Youtube demonetization, but I honestly believe at most 10% of the desire to join Steemit is because of censorship resistance. The other 90% is due to the fact you can earn money by blogging on Steemit.
Most people only care about the earnings, and care very little about censorship because most people are never censored.

It would be akin to Facebook implementing earnings-per-post. If they did that, Steemit would lose 90% of it's attraction and the only real reason that would be left to go here is because of censorship resistance. So yes, there will still be a place for a real decentralized social media platform such as Steemit! I just don't know if the censorship resistance feature has enough drawing power to offset the lack of moderation, unfair money distribution and other issues. Many minnows who make nothing on Steemit, will probably find more value in Narrative where no Steem Power exists and they can start really participating and earning from day one. Not to mention that they don't have to bother with the learning curve that Steemit has due to it's mechanisms (voting power, vesting power, upvote bots/vote selling, whalevotes, etc.), nor having to deal with a crypto learning curve due to being able to get paid in dollars.

Still it's all up to adoption. If nobody wants to buy NRV tokens for advertising because nobody is using Narrative, then the price of NRV will be super low and so will the payouts, and with low payouts no users will want to join. It can either spiral upwards to success, or spiral downward into oblivion.

I haven't heard of Minds yet, will check it out, thanks!