Thank you, Brandon. Very helpful:) I think I understand now. SMT appears to be a crypto financing option. Sounds like it will be good for steem, but maybe not so much for steemit. If I understand correctly, we will be financing competitors.
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Basically, Steemit was the test engine to see how this concept would work. And it's been a huge success. But the cool thing about SMTs is that they can be programmed and tweaked to function differently than Steemit. For example, the rewards curve. I know that (at least in the beginning) they will be paying out some of the rewards to APPICs for application costs. But there are a lot of different parameters that they can set which will make their application unique from Steemit.
I suppose if we are invested in steem itself ... then we are invested in the backbone. But I would still love to see more attention paid to steemit itself. I have noticed our view count has disappeared. Like ... why? For someone who is trying to build a blog and gets some off-platform traffic ... I am not keen on this choice. I really hope the view count comes back.