Thank you very much for this explanation @aggroed, MIRA will much likely raise the price of Steem in and out of itself once it's fully implemented and most witnesses have been able to adapt to the new cost structure, so that they need to sell less amount of Steem to support their operation, and since SMTs are supposed to follow right behind this change together with your own SCOT project, Steem will be in an absolutely golden seat, and by the way do continue with SCOT, while SMTs will be on the blockchain providing the standard solution SCOT as a layer 2 will be able to be way more flexible and can catch all those edge cases where the standard SMT protocol might not always be a good fit.
Thanks for your good work for this community, and keep up the good work, #steem on!
Yes, the set of economic models as presented in the last SMT paper made them, perhaps, easier to use but not very flexible. I hope SCOT moves forward as an alternative, whether SMTs arrive or not.
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