You are right about that there is already a lot of development done in this blockchain, but steem also has a competitive advantage which is a network effect. It's the same reason why facebook and ebay are so popular. People go to ebay to sell things because everyone is on ebay. The same goes for facebook.
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true! too bad these guys give money to businesses already profiting off us users instead of pay for commercials to run on television, internet ads and billboards etc...