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Hmm... If you would have said there is no competition to Steem, I would have agreed that it's true right now. But with Steemit.com, that's a different deal, and they (Steemit Inc.) recognize themselves that Steemit.com was an interface to show the world what's possible to do with Steem. And they hope better, more specialized Dapps will show up to slowly replace it as the main app on the Steem blockchain.

Oh... Dapps...yes....you are right.

Engrave won't be competition to Steemit, because it don't have to be. Steemit is not a blogging platform. It won't allow you to create your own website. And Evgrave will and it is quick and easy, just few clicks. Any blogger can have his own, free to use blog and monetize his work easily using Steem :)