You forget that SMTs are already a year delayed. The Steemit team said that this time they were so confident Steem could be launched at that date that they even gave the exact day. Jan 24th. I said to myself, ok, a year later... at least now they commit to delivering it...
Now, I wonder if we will ever see them... I lately read that they have over 60 million Steems still around... Could they not have finished SMTs first?? 2 months of pay surely will not be more than 2-3 million... After that, theire stake could be worth 500 million again. Now the price will keep dropping and no one will want to buy in... as Steemit Inc will have to keep dumping until the bitter end.... and everyone knows that.