don't get this wrong. It will increase the value of Steem. SP will be necessary to earn Steem (but not oracle powered SMTs), second SP will be necessary for anyone who wants to run an SMT (it's going to be bandwidth) and finally, Steem will be the only pair to trade all of SMTs. If anything, the value of Steem will go through the roof.
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Oh! Ok
But there's also the issue of much increased spam.
Follow for follow and Upvote for Upvote spam will increase exponentially
I see the opposite, as long as you can create an infinite amount of new accounts and start over, it's easy to spam. When you are in a situation where even if you have 100 accounts you are identified as a single person, the cost of spamming becomes huge.
Yeah, you just won't get a 'Good Person Token' issued until you can (somehow) confirm you are operating with a single account - or have put forward this one account to be your GPT issuer.
This is for SMT though, no plans for that 'here' I read.
https://steemit.com/steemit/@nealmcspadden/account-based-voting-is-a-terrible-idea-for-steem#@ned/re-nealmcspadden-account-based-voting-is-a-terrible-idea-for-steem-20180515t021921631z
I would say that here, it's actually going to be tougher for the smaller accounts - especially those not producing content for the dapps and utopian.
You should be set though, as it should just be a case of holding the SP and letting the SMTs do the work.
Cheers.