competition is good, but at the same time STEEM is years ahead. The competition should provide motivation for steemit to change from beta to finished status. Plus SMT's do have some merit to boost STEEM as a major competitor. One social media site will not have such negative effects on anything. At this point it's a work in progress; meaning it's nothing at all yet. When it actually becomes "something" and the traffic and payouts actually happen then it's a full on discussion.
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well, remember Dan built Steem and has learned a lot of lessons. I'm not so certain abt the head start that Steem has...