One issue or rather challenge I see with SMT is the presence of BAT (BasicAttentionTokens) which 100% focused on media publishers and consumers - Its from one of the most respected people in the tech industry - creator of Javascript, co-founder of Mozilla and now Brave browser. While we are talking SMT, BAT has gone ahead and started establishing distribution channels. If they get a major publishing house like Guradian Signup, the game will change.
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Yeah, that's a really good point. I see BAT as another example of a utility token that isn't getting much speculative investment love. I keep intended to buy some, but the price has been mostly flat for a while, much like STEEM, so I end up trading other things instead. At the same time, I think SMTs will have a lot more to offer beyond just a currency, tipping, etc. The STEEM blockchain provides a completely different model via upvoting and with content storage itself directly on the blockchain.