What I like about it is that financing projects through delegation and curation means that there is a much higher amount of accountability by the SMT. If they act poorly or do not perform, they will lose investment and will not be able to do a runner with coins taken. 

Even when @dlive left, they left with their curation amount and some users, not the 1M Steem delegated to them which was then able to be immediately redirected to @oracle-d. 

This is a massive advantage and a risk for SMTs looking to pump and dump. At this point with so many likely to fail, I would be wary of direct investments into projects on idea alone as track history is that most will only ever be vaporwear.