Steemit was the leader in tying cryptocurrency benefits for participation, into a social media platform. Obviously, it is successful. Others will now try to improve on the model, creating competition. Overall competition is good, as it brings out the best in options for users. I think Minds is just one of many on the horizon that will try this model. Very interested to see who can adapt fastest to provide the most valuable and rewarding platform. Will Steemit go the way of MySpace and AOL?
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Things move fast on the Internet. This is a very strong community. I don't believe Steemit will just fold-up. I think it will continue to drive expectations and compete. The big question is what these new players will potentially bring to the game and if the Steemit model of consensus will enable it to remain a leader?