I do believe that SMTs offer a great deal. That is another reason to wait and see how they perform. To make this move before the introduction of SMTs, which Steemit Inc claims are fairly close, makes little sense.
They could be a game changer and radically alter how people interact on here. Instead, we are looking to radically change the base layer on total unknowns.
I've been following all the community initiatives that have been attempting to fill in the gaps prior to these coming out. I think that's what we ought to be focusing on for the time being.
Posted using Partiko Android
If other tokens are better than steem, who continues to want steem?
Does steem become the toll troll to transact on this chain?
The SMTS will be paired with STEEM.
STEEM will always have value since it is the basis for the blockchain. Resource Credits are derived by how much SP one has.
You could make the same statement about ETH and EOS with what is being built on those. The main token allows for the operation of the blockchain and is the basis for what is built on top of it.
Now that does not mean that a particular SMT, as an example, does not eclipse STEEM and become more valuable than it. That certainly could happen.
That is certainly an option.
Were that to be how it plays out, steem then becomes the toll gate to transact on the chain while this smteee! becomes the store of value/means of exchange?
How big do you figure this smteee!, that is long promised and bound to usurp steem on its own chain, has to grow for 300+m steem tokens to have more value than they currently have?
If steem's sole use is rc credits what are we, authors, dapp creators, etc, doing here?
How does creating our own competition help in any way?
How does improving a landlord's building help to lower the rent?
What was wrong with the whale experiment?
Why dont we give its lessons a go?
Obviously the abuse chock blocks were intentionally removed, why would we trust those same people again?
Because its been 2 years and things will be different this time?
So many questions,...