It can definitely be like that. No question about it. I mean, many Steemians are cashing out from Steemit just to prove a point to their family members and friends for instance. And these people probably "compete" with each other when they've signed up.
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That's interesting, because my friend and I don't compete. I can see though were people would compete to see who's the best. I have thought about cashing out a bit just to prove a point, but I don't want to mess with my SP, so I keep deciding against it.