Regarding your general concern... yes there is a chance we will see a lot of competition that is usually a good thing. The tokens should help the price of Steem by trading directly opposed to Steem the same way people have to buy and sell Bitcoin to get into any crypto and also a certain amount of Steem is required to pay for the RC credits. In this case though, the idea is totally to get people to pick this token and leave the distribution problems of Steem as well as the hardfork bottlenecks behind.
I've been trying to address issues for 3 years, I'm out of patience and the clock is ticking. :)
Thanks for your reply. That makes more sense to me now. I did not realize you would have to buy/sell Steem to get into and out of SCOT and SMT tokens. And I completely forgot about Steem being required for RCs as well.
While I can not say I know exactly how you feel, I can imagine your frustration. Good news is if the spork fails for whatever reason everything is still on the steem blockchain so no harm no foul. Everyone can just continue on as if it never happened.
Exactly and that would put the responsibility to ensure it was better and thus competitive on the SCOT (future SMT) creator.
Which is a win if it is done right and if not.. just a flop