Well, it's not that the competition is all great:
EOS (EOS) might not be the best cryptocurrency for you if you like to HODL it for long or forget about it for years. The accounts of the EOS blockchain members would be terminated if they do not use their tokens to use for three years
Actually, steem finally having a competition might be the best thing that ever happened to steem blockchain. Maybe we'll finally see something more than a font colour change :D
Holy crap that's absurd
I also think that competition in this area would be good for Steemit.
EOS' motto:
Rofl, they can make the process of how to use it opaque and just claw back all the EOS they want! Free share buyback.