EOS is not built to be an Ethereum killer, or a Steem killer. If EOS is really successfull (which remains to be seen at the moment), that should only lead to more crypto adoption and prove to be beneficial for Steem as well (and Ethereum too for that matter. In some use cases a Proof of Work based smart contract is simply the best suited). It could be the case that EOS has a higher growth rate compared to Steem or Ethereum, but that does not harm the others.

Consider this, e-mail killed writing letters per physical post. However, sending orders for products worldwide has become so incredibly easy that the worldwide postal services have seen an explosive growth! Steemit has the challenge to not stay a purely postal letter service (i.e. just steemit.com), but branch out with communities and SMTs. There's some time pressure there, but as things look now, I feel comfortable they will launch in time and successfully.

FUD is for noobs. I'm a Daniel Larimer fan, I truly am, but I'm holding my Steem Power.

PS I reject the theory that Block.One would purposely dump huge amounts of ETH to buy EOS in order to crash the ETH price and artificially pump the EOS price. That would not be ethical and it would go against everything Hive account@dan stands for. In that case, I will dump my EOS tokens (and buy back later when the correction takes place).