Steem is like BCash
This is an insult to bitcoin cash.
Steem is a centralized shitcoin. Bitcoin cash wants to keep fees low whith a compromise: expensive nodes to run compared to BTC.
Doesn't make them a pale imitation. The way it's going currently, Bitcoin has become an unaffordable pristine collateral for rich people, transacted mainly through centralized parties. Bitcoin cash is still digital cash and has a growing network of merchants adopting it.
Let's see if it will stand the test of time without extreme decentralization. I personally own some BCH as a hedge in case it turns out to be the winner. BTC has to scale or it will remain a manipulated asset like gold forever, as soon as custody in banks (or "exchanges") becomes more mainstream than it is now.