Smart Media Tokens: Why We're Doing It [VIDEO]

in #steem7 years ago (edited)

Hello again Steemians!

I am so pumped to see the inquisitive, thoughtful and excited responses to our announcement this morning of Smart Media Tokens.

I believe SMTs could be huge and can change the internet as we know it.

Here's a video for you guys so I can go into a bit more detail about why the team and I have worked so hard to develop this protocol.

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This is really going to be huge!!! The future is soo bright

You are right! Soon every man be able to create own token? then I can to say goodbye ERC20!

I don´t think ERC-20 tokens will go anywhere soon because you can do different stuff with it compared to SMTs. Both token standards are important to create the future internet (web3) we all want.

You're right. Both are good. I do think Ned has the right idea that what is needed is not one crypto to rule them all, but growing ecosystems of different cryptocurrencies, tokens and other applications of blockchain tech.

yeah, totally! I just love the fact that you don`t pay any transaction fees on the steem blockchain. Additionally they are almost instantly transfered. I am very bullish.

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Yes Smart Media Tokens (SMTs) are huge ! Don't miss the opportunity!

yes you are right ,, even the brightness will change the world around us

SMT, rolls of the tongue doesn't it.

Can't wait for it to start getting adopted

With the increased workload that this would cause the network will we need to scale and are there scaling plans in the works

Great question. I hadn't even considered that.

Great solution to make Steemit and its technology grow! We are certainly on the way to revolutionize Social Media with the power of cryptocurrency

Steem On!

Great explanation! Steemit.com is a proof of concept compared with what SMTs can achieve on the rest of the internet.

This opens up a plethora of opportunities for the smart people to make things work for them by building on an already established blockchain in form of Steem.

Exactly. SMTs will have the benefits of Steem, plus can be branded and customizable, while the issuer also controls the distribution.

Proof of Brain. Finally, someone has valued the most powerful thing we have. Earlier blockchains have been favoring rich people mostly. While not everyone has enough money, people do have a unique brain. One for everyone; except, may be, Donald Trump. Haha!

Yes, one look at that whitepaper and it's clear we have some strong brainpower on our side. It's a good title.

The sky is just a beginning, for this concept

This could be what Adsense is to Google.

much better than adsense. and have way more outcomes.

Prayerfully, so @teamhumble...Adsense was a let down for many. Is it still around? It was more of a distraction than a value as I recall.

i get a cheque from it. like every six months for like $80 -- it was always a half baked coffee shop brain fart reaction to half heartily paying something to basically put tracking banners on ya site ;) - how things are changing!

how things are changing

Yes....let us with unfettered optimism believe so...

Ah, yes...now I remember the 'disdain' for Adsense...the first syllable...ad(s)...It's obvious YT is (smh) steering deeper and deeper into the world of alternatively supporting 'itself'...

Logging in now means getting a big banner ad for you to have to click off of...rme...

I said at the start, unfettered optimism, so I won't yield to the concern re: Steemit's trek into this world post beta.

Peace.

i don't see it in the same breath if i'm honest. one was made because of a need to pander to the boys in suits in marketing to give them something to sell and get and i think these tokens are way different from adsense, sure it's a revenue path but it's way bigger than the adsense idea. adsense was a code for a standard block of ad space that's ALWAYS been around since we had the 468x80 sized code banner block from netscape 1.0 days. it was kinda an extension to monitize that because nobody had a scooby doo what to do with it to be honest.

this, well this WAY different. why do i say that? well, let's just say this, steemit has been the only forum, conversing, conversational platform i engage with the comments in over a decade because i truly believe that the social ripple effect WORKS here. i think the financial incentive has a lot to factor into that but it also kinda semi self regulates the 'kinds' of conversation that go on here when you find your tribe within the pages.

adsense was just, well, code, these media tokens, well they are like adding a complete ECO system to your existing digital assets! :)

Wow, @teamhumble... You explained this so beautifully! You must copy and paste this into an original post.

Thanks for sharing!

Peace.

I agree...I was referring to the analogy as Adsense is what made Google sustainable for the long haul. It gave Google a revenue source that allowed Google to try so many things.

you can be sure that google will always be around in some way. it's too much of a house hold name to ever fade out now.

Adsense is TRASH :)

Good analogy. It could be the secret sauce, the killer app, and the new ICO.

Thanks. it needs the tools to make it a no brainer for site and app owners. Tools are the key IMHO.

I cannot wait to trade a few SMT´s for STEEM on the Market Page. :)

God damnit I hated this idea when you first said you were doing it (in the sense that steemit will stop getting the attention it deserves). However now I want my own Bitcoin Millionaire tokens across my sites! haha

i guess it is a great time for me to join steemit.

Do you have people lined up ready to implement this on their websites?

Love the enthusiasm! We've got a lot more in the works, but we're not announcing anything else right now. We'd like to give people time to process the whitepaper and give their feedback. Right now we're 100% focused on implementing SMTs so that they augment Steem and make it the best blockchain in the world for developers.

Community Liaison, Steemit

That is so brilliant

Is there a channel or a forum dedidecated to discussing SMT white paper? I think we would all benefit if there a topic oriented space for SMT talk.

Right now, GitHub issues is best. I may open up a channel though. Youve raised a great point. I have several more explainer videos coming out and we'll do many more videos based on community's SMT questions too.

good job