Hi @dannyzen thanks for this article. I continue to read anything on SMTs as it would help with my understanding.
In my first summary on the SMT Whitepaper, I remember questioning where would the new tokens come from saying something like..."I don't think I can just pull them out of thin air" but from what you said here it seems like that is how it happens after all.
RE: Understanding the Steem Protocol (Massively Simpified)