Yeah good for steem!
I'm not saying there is a competent competition in the air yet.
Why should I concede that there is no technical or fundamental game-theoretical problems with steem that could be improved upon? Steem very well might hit the same numbers enjoyed by both Facebook and MySpace. That doesn't mean their position can be upset.
The very fact of steem rising to popularity proves my point.
I think that Akasha and even new projects have every possibility of upsetting in the next 3-5 years