It will be interesting to see how this site goes.
I am sure steemit will see an increasing range of competitors and copy-cat sites. Hopefully these will keep steemit on their toes and they will continue to improve the steemit site and not be too distracted by their SMT developments.
Interesting to see what they say about steemit in their white paper...
Yeah, I am very excited for blockchain social media platforms! Steemit seems to be the most all-encompassing site so far (like Reddit), but I don't think it will necessarily be harmed by the emergence of specialized platforms.