I am happy to see progress on SMTs. I still have some questions though about what exactly SMTs are supposed to be and how the market is supposed to take advantage of them.

I've been blogging a lot about stable tokens and security tokens. This is how I think SMTs could be beneficial to Steem because we are missing these key components. The ability for example to earn actual shares in actual companies would be huge. The ability to earn real world assets like gold, or pieces of real estate, or even digital like Bitcoin or Dai would again be huge.

The question becomes how can this be done in a way which benefits Steem as a whole, the token, the ecosystem, the reward pool, etc. I have not figured it out and I don't really know how SMTs will grow the economy of Steem. I can see clearly how SMTs will grow the community but I cannot yet see how it will grow the economy, if this distinction makes sense.

I see Steem as a potential market network. A social network is a market.