Steemit isn't the potential replacement, steem is. The former is the application while the latter is the currency.
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Steemit isn't the potential replacement, steem is. The former is the application while the latter is the currency.
because of the drastic inflation, steem seems not meant to be a store of value, so i doubt it is competing with bitcoin
Bitcoin's not a good store of value. It's phenomenal as a medium of exchange though (except for the slowness of confirmations).