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RE: DLive is joining the Lino blockchain, moving away from Steem
There is no reason why an SMT could not become hugely valuable if the app(s) it was created for became hugely popular. It's possible to design the distribution of an SMT in any desired manner from the outset. Every one of the problems mentioned by the DLive team could've been solved by the SMT protocol - except for bandwidth, of course, the ownership of which will be quite concentrated into whale hands for quite some time.
Exactly. The way Steem is payed out won't change, but SMTs can change the distribution. You earn Steem alongside SMTs. So if the masses started using any dapp using SMTs as its main payout method, those same people voting would unconsciously make Steem more evenly distributed. Making the potential whale circle jerking using just Steem harder and harder. A few whales can't offset a flood of minnows fighting against them.