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I imagine that Steemit INC will be forced to fix a lot of this after they release SMTs. What else are they gonna do?

I think they got really lucky with this hardfork. I think it's working flukishly well. Perhaps more luck than skill involved but hard to say.
I'm still not sold on SMT's. I don't plan on getting any.
I thought busy.org was going to be the savior of the Steem blockchain but now I'm not sure. I think the near term will be interesting. I expect the Steem price to rise.