I believe too many people are looking at www.steemit.com to become the next Facebook but the goal is not Steemit it’s the Steem Blockchain. When SMTs (smart media tokens) get rolled out anyone can just plug-in play there own Social Token. I know for a fact Steem SMTs will be much bigger than Steemit. Dtube is already planning their own SMT. How does successful SMT create value for Steem? It’s similar to how ETH gets its value. Since SMTs are built on top of Steem blockchain it requires Steem tokens to access the bandwidth to use that particular app. Steem has the advantage over general purpose blockchains like ETH or EOS in Social Media. Steem is first mover with 1 million accounts and specialized in Social Media. Moreover, SMTs would allow users to escape the circle jerking on whale accounts with intro to hybrid economic systems like account based voting mixed with stake weighted voting. SMT allows anyone to design “a better” system the way they see fit.