I dont see why not. This would just make steem into a base token with low inflation whose value would be derived from the use and value of apps built on it. It would have a trading pair with all SMTs.
Instead of having a pay yourself scam going on, a platform rampant with abuse, spam, garbage and junk content we would have a token that would pay a small dividend to a holder when powered up and the STEEM model could be copied into the STEEMIT SMT or any other SMT where the platform, developer would have control over all the crap that is happening right now.
But this would mean a big change and Steemit.inc doesnt seem too keen to drop this system no matter how broken it might be.
I might agree with you... but if you dont know people that know people i dont think this would stick.
Yep, I like the sound of that a lot. In fact I could see the price of steem going way up in this scenario...