As tempting as it may be to say that this is the new facebook and it's definitely going to replace both facebook and reddit, you have to realize, that even though people are getting paid and as promising as the platform is, there is still a long way to go and a lot of hurdles must be crossed before this thing becomes a major competitor. We're still in the early days. Those other sites are not going anywhere for a while.
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Oh totally - we could crash and burn in the next few days - but that's the excitement of it all, no? :)