Thanks for your comment, and the invite, @ethandsmith.
My concern is mostly with Steem's longterm ability to attract (Angel) investors and thus the opportunities to build upon the blockchain (without needing SMTs, since they will operate in their own silo and may not necessarily improve the value of Steem).
The beauty of Steem is that we are given another stab at recreating a _new Internet"/social network of sorts. Both with on- and off-Steem opportunitis. This blockchain is one of the possibly most disruptive ones currently available and I hope we will be able to take the opportunities available.