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RE: A comment reply turned into a root post...
You are misunderstanding @davemccoy point I think. While those stats are available on the blockchain they will not be carried over to different SMTS which will have their own values if I am not mistaken. Should Busy.org migrate to using an SMT rather than Steem itself then the reputation will not carry over and Steemit has little to no value. Please correct me if I am wrong.
The same would apply to the tokenization of the internet. Can you imagine any SMT that would like to import reputation levels from a different platform? The whole point of SMT's is to have your own unique reputation on your own unique platform.
EDIT: Change platform to whatever term you like, it's late and my brain is broken ^^
I am interested in which of you is right on this @gnimeets... To me it makes a huge difference. Everything that is happening on steemit right now will basically be worthless (except for the people you actually get to know)... But even then it will be like starting over, and if everyone dispurses, then it will be a huge waste of our time.
From what @timcliff is saying that isn't going to be the case, but you are bringing up what intuitively came to my mind @gnimeets. Thanks for adding to the conversation and maybe Tim can clarify it to both of us!
It is a little bit of both. The STEEM currency will still remain the primary currency of the Steem blockchain, and every post that is eligible for SMTs will also be eligible for STEEM. SMTs are in addition; they are not in replacement.