SMTs was a good idea because it allowed sub-cultures to choose their own ruleset. With this, there wouldn't have been a need for a Hive-wide opinionated voting algorithm. Just stake it for RCs, inflation, governance and that's it.
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Yeah but it needed to happen then, now it's been years and look how all other coins have adapted since.
I think we've reached the point where we can start implementing those changes. Slowly but surely.
First step is to reduce inflation for content and curation.
Second step is to have a good platform to launch SMTs from blocktrades or have everyone adopt hive-engine and make it better.
Final step is to completely remove the hive reward pool and replace it with an SMT.