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At the 20 year, Steem will no longer be filling the Rewards Pool at a high rate, it will be at its lowest rate. So, that's when it should be harder to get more Steem and the price should rise.

Also, the hope is that SMTs will drive demand of Steem.

I understand the SMT creation and how it is supposed to help the value of steemit. However, there continues to be the problem with retention and bringing new users that actually interact.

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