I'm not saying that you're wrong,

but i think the same goal can be achieved with stacking.

Think about,

A Smt creator stack arround 100k Steem for the SMT.

Now, the SMT has a base value because of the RC which were gestacked.

It would be important only that the SMT Token Holder can use a part of the RC when they stomp the SMT.

So they could use the SMT without Steem to post.

That would be good in any case, if there are many communities. Because they could use their local smt.

Now if a project is very good and has many users, they need more RC. So they need more Steem stacks for the SMT.

That would make the liquid steem inliquid.

So say there is also a shortage.

With the simple advantage that SMT users enjoy the advantages of stacked Steem.

In my opinion that's more user friendly and scalable for a bussines.

Burning Steem would be more or less a one-time fee that is not scalable.

If I'm wrong I'd love to hear your opinion