SMTs will be huge eventually, but honestly I've been a bit disappointed with STEEM so far... I think a lot of people have, which is why you're seeing the price drop and drop and drop.
I think the price does have A LOT of potential to go up, but STEEM needs to solve some basic basic issuess... like website building 101. The current community is so basic in functionality, that it is hard to see them revolutionizing the world/internet, when they can't build a well functioning website. So that leaves me with mixed feelings....
If they get their act together... we'll go to the moon with Steem. If not, someone else will eventually eat them up.
Who remembers MySpace?
There is already a Russian version called Golos. The only issue with golos is that it is mainly in russian (though it has an english community - see the english tag on the site), and it is only listed on two exchanges.
Interesting... haven't see the russian version, but need to check it out.
Spasiba bolshoy!