To mention the Burger king again and make a paralel. You really think that when you can make a better burger than Burger king, Burger king will be bankrupt next year? Making a better burger is very easy, almost every BBQ I have been, the burgers were better. However, to beat the brand and the infrastructure will be way harder if not impossible. So for all 'better than bitcoin coin' investors: dream on!
I'm only bullish on projects that are doing something special what Bitcoin isn't doing. Steemit build a real website and community. A social media platform that want to overtake it, even if it is on the Bitcoin blockchain, will have a hard job to overtake Steemit's network effect.