Youtube is different, it's like fiat currency, centralized. Steemit started off decentralized, and with the stated goal of rewarding good content (see the white paper). Of course it's somewhat centralized now anyway due to high concentration of wealth, but still better than most corporations.
Youtube never had that goal, it was all "let's get rich off other people's work" from the start
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I learned a stat where like 90% of Steem is held by less than 10% of the people. I cracked up because it parallels real life.
I agree.