To be honest, I still don't understand the need for SMTs. Why cant they just build these applications on the Steem Blockchain directly? Why dilute the pool with so many other tokens? I tried asking @ned on YouTube but I don't think he'll ever see it.

I'm only just beefing up my SP here, I feel it's a bit of a distraction to jump to SMTs. Am I crazy? I know I'm missing something crucial here. I'd be grateful if someone clears this up for me :)