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I'm not sure he's still thinking of that. EOS has Trybe but that doesn't look like it will compete directly with steemit. If it does, it might force steemit to make more improvements. I've been using EOS and I think it might take them a year to sort out a good way for the average person to use it. Having to buy ram and stake cpu isn't something most new people will want.

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I hear ya
But the fact it’s the guy
The mighty Dan who’s doing it should be worrisome to us. Him moving his steem lone will crush price

There are many steemit like platforms viz. weku, scorum etc. which works like steemit. So, Dan's idea will not destroy this platform. Ultimately, the best one will rule the blockchain based social media.