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It's not a competitor for SMTs. OpenBazaar is for selling products, not for content creation like Steemit is.

Read more about the token here: https://www.openbazaar.org/blog/openbazaar-tokens-smart-contracts/

I was refering more to other examples that dragos pointed out. But I still wouldn't buy goods with bitcoin how things are going now

There is already competition, it just gets more powerful.

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