RE: Smart Media Tokens: Questions in the loop.
I am not an specialist but I have readed the WP and I know how it works Bitshares and also a bit Waves ... same sistem as will be implemented on Steemit as far as I know. Of course, they are differences between all this platforms but I am thinking more about the token system based in coin.
- .... and everyone is just interesting in creating their own tokens.?
I do not think this will happens, many will do it but this will be a real "free market" so just the good ones will survive as normally happens in a real desregulated free market scenary. It is not happening in Bitshares eco-system, yes many do tokens but not everybody and I should take a look but also not even more than 50% of the users ... In Waves I honestly do not know how it is at the momment.
2)weeding scammy fundraisers
Maybe they could implement that a user with low rep can not do a token or tokens done ny this user get freezed or burned ... so scammers would not have so much opportunities, you just need to flag his account for example. I am just speculating but I think something would be implemented.
3)how will it affect/impact the price of steem positively and negatively?
Well, my personal view is that the price will go up, it should because of the need of the Steem token will go up too
4)is there any exchanges to trade this tokens given the facts that there will be tons of tokens available
Internal market from Steemit? Like Bitshares and Waves? Already Steemit have an internal market, do you know it? https://steemit.com/market
5)what will be the impact of this tokens on steemit, can users exchange tokens to each other?
Same answer like for the 4th.
Hope this help a bit to answer your questions or at least give you some new ideas.
Edit: english is not my mother language, hope everyhting is clear
Thanks for responding, it's a bit clear now. While it's a good idea to restrict low rep users it might not be the best solution because someone with a low rep can also have an awesome idea for a token.
The price might be low if there are too many tokens.
If I can trade my tokens then it might not be nessesary for me to use Steem.
Let's see how it goes.
You can always speak with the people who have flagged you. It is good this is a Social Media Network and not a company like Apple or Google ;) For example when you are blacklisted for cheetah you can always speak with anyx (the creator) to whitelist ur name. But that was just my idea, not that they will do it like that in Steemit.
In the internal market you trade ur tokens just again Steem as far as I understand ... so you have to always use Steem. Also you can block some Steems to give a predefined value to ur tokens ... Steems blocked means more value to Steem ... You can not trade ur tokens everywhere, at least how it is writed now.
It will go Ok and if not we will learn from the experiment ;)
Thanks for taking the time to reply. I really appreciate it.
everything is very clear and understood, i like the way you broke everything down from your own point of view