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RE: Vlog 302: The value of STEEM on a blockchain full of SMT's. Many things will change.
There is a lot of Game Theory in cryptocurrency. The move from Steempower based to user based simply changes the rules of the game.
I am usually an optimist, but in this case, my prediction (regrettably) is this:
The "Dark Side" users who currently have a significant amount of steem power will start powering down.
They will then use a pay for id tool (or script) to generate numerous accounts. (Like anonsteem)
They will then have the larger "crowd" upvoting their SMT based posts. Thus, continuing to get the higher payouts.
Sorry for the gloomy response ...
For the record, I truly am very excited about the technological benefits off SMT's - I just see a lot of potential for abuse.
Only white listed accounts (verified as a real person) by oracles of a community can be eligible for OSMT's.
Making a 1000 new accounts as 1 person won't help much because they can't be verified as real people.
But that is part of the game ... making the Oracles believe that the account is real. 🤑