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RE: STEEM Competition??? Enough With The FUD!!!
Depends on what your definition of 'better' is. Some elements will definitely be faster (block times 6 x faster compared to Steem, but that doesn't say anything yet about the complete user experience.
It will certainly be different and I think that's mainly positive news for Steem.
Maybe you can do a review when it is fully up.
You might want to sign up for @dustsweeper.