Not at all. Ethereum is a general purpose protocol; a decentralized computer. Steem is more like a GPU or ASIC miner; it's designed to power web applications with powerful tokens than can be created without having to write a line of code. We're not saying that's better or worse than what Ethereum is doing, but it is very different. Ethereum lets developers experiment with smart contracts, which is great. We look at what smart contracts and features produce the most value on general purpose protocols like Ethereum, and then add those features to Steem. This enables Steem to be fast, efficient, and easy to use for developers and users alike.