You are wrong, the only thing similar to Minecraft is that they're both voxel games. The game feels more like 3D Terraria/ Valheim hybrid.
Issue with it at the moment for me at least is that there is no meaningful progression, the progression is basically getting better tools and gear, but it's way too fast, while in Minecraft it takes quite some time to reach Diamond level gear, it didn't take me that long to reach the equivalent in Hytale.
But hey, it's early access, it's to be expected. Game is amazing nonetheless, but I came to VS for the slow pace progression.
Hytale, Minecraft or any other game that might come out will never be a threat to VS imo, it's too niche of a game and it will retain it's position and bring new players.
Also we need to stop labeling any voxel game that comes out as a Minecraft clone or something that is competing with Minecraft, in all honestly "voxel games" might become a genre now, and introduce games that are voxel based but with completely different ideas and concepts.