It is mind blowing. I don't see how they compete over time. I'm thankful for you exyle and other experienced users who are willing to educate us because I think one problem with Steemit is its complexity. There is a lot more going on than just posting and up-voting.
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Once you learn more about the Steem blockchain it will blow your mind. It has done it to mine. And I'm still discovering new insights and possibilities.