Finally someone stated what is actually happening. The SMT are a gold mine. People need only look at the escalation of ETH to realize what having a protocol to design other tokens does to a blockchain. People seem to think that the other tokens created are separate...they are not. They are going to be on the steem blockchain. And what is the currency on the steem blockchain? Steem.

What SMTs do is bring a ton of development to the steem blockchain. Ultimately, that is what provides value...the apps that are created on the blockchain.

My feeling is that STEEM will see $100 a token and, eventually, get up into the $1,000 range if a lot of tokens are created on this blockchain. Bag a few whales like a mainstream media site and you will see this explode.