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RE: How SMT is destroying Steem/it
@tosch I don’t ageee with your viewpoint that people creating new coins with SMTs will take away from STEEM since they will be trading all of those coins and forgetting about STEEM.
Do the hundreds of ERC20 tokens being traded take away from Ethereum? No. ETH is the #2 coin in the world so please explain your logic to me.
That ETH or BitShares aim to be a financial platform. Crowdfunding and maintaining the records for other Assets, Currencies and Smart Contracts are the reason those platforms exist in the first place.
Steemit should focus on social media instead of the creation of currencies.
This is a whole different market.
Focusing on social media for Steem would mean to include native IPFS for data, website integration like Wordpress, Drupal or the likes. Helper to include Steem functionality in your website, project or workspace. Make steemit.com great for the user without all the bugs. Working closely together with all the 3rd parties being built on steem.
With the focus on creating currencies it takes away all those ressources for more than 3 years and steem can be lucky to have a community that creates a lot of these functions.