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RE: Is Akasha a serious competition for Steem?
I think the fact that a new user will be required to acquire ETH before executing a transaction (making a post, upvoting a comment, etc) on Akasha, is a huge barrier to entry. It could serve as the default news and discussion board for the Ethereum community itself, where everyone already has ETH, but the likelihood of it growing nearly as fast as Steem, where users can jump in right away and participate, is unlikely.
Don't you just aquire ETH by just running the application (mining)? Also, you make ETH by someone replying to you, which validates your existence.