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RE: A seismic shift in the competitive landscape
This is good news in the sense that a much broader mass of people are now becoming aware of the possibility of rewarding content with coins, respectively cryptos in general. Perhaps these people (finally the desired millions?) will then also discover the early(iest) bird Steem.
Now it's a matter of standing out. And that can only be done through uniqueness and "real" rewards. So stop with the artificially high rewarded crap! No more spam and plagiarism! Enough with everything that disgusts not purely capitalistic users!
I am sure that Twitter will have problems with content farms and fake clicks, too. But, yeah, I definitely think it is critical to minimize both overvaluing and undervaluing of the content, here.
This is a good point.
In a sense, it's validation for Steem's core concept.