I didn't think that far... I never thought of this problem SMT can make, though only if Steemit was the in the lower end of popularity between the STEEM sites right?
If that happened, wouldn't STEEM be like the Bitcoin to Altcoins now? Used more than store value and "a price base" than it's initial use as currency.
I don’t think it takes away the allure to tap into STEEMs daily inflation payouts. Steemit might be an easy way for a community to tap into to the cash flow without having to do much. Why mess with that? I’m not sure if all STEEM based apps would go away to start their own SMT. But, I almost have to believe the way it works would be that your Steem Power is accepted across the board. So any app that doesn’t do a SMT will use your current stake of Steem Power to determin your influence on the site. The only way to avoid the current entrenched whale voting groups from influencing your audience and content, you have to create a SMT. Still a lot of confusion there for me, but I’m trying to get a better grasp in it over the coming months. Thanks for the comment!