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RE: Steem 24 hour volume is 3.4 million. EOS 24 hour volume is 1.4 billion. What does this mean to you?
Well the stake weight was much less apparent before the linear reward changes. It was at that point that everything changed. Those are all very good and interesting points. I will indeed have to do more research on oracles and SMTs.
So in this path you talk about Steemit and busy die and are replaced by a better SMT. Steem still holds value though for voting on block producers? I have yet to understand how SMT's add value to Steem. They cost very little to produce. They dont require you to hold Steem in order to get bandwidth for the SMT either do they?
SMTs will be transferable for Steem, and growth SMTs experience will be growth for Steem.
Steemit and Busy don't necessarily die. Communities off chain may eclipse them, or communities on one or the other, or both, may well contribute to their growth. The combination of oracles, SMTs, and communities are almost infinite in potential, and this is the magical thing about them together, rather than merely as separate forks.
While I would have preferred @ned and Stinc were more forthcoming about the development of these projects over the last months, as the complexity of the possibilities must have taken some time to absorb and gain command of, I can now understand why there was such resounding silence as they figgered them out.
Confusing us wouldn't have done any good, and until they had a good grasp of them, blathering about them would certainly have confused us.
SMTs can work on platforms like Youtool, Fakebook, and CNN.com as well as any site that has a comment section (and probably more too), not only on Steem based interfaces. They can literally take over the world, and deliver it to Steem.
Will they? The really cool thing is, that's not up to @ned, or Stinc. It's up to us. We can do anything thing with them we want, and that crowdsources their potential to moon. There's a lot of genii out there. Some of them are gonna do amazing things with SMTs.