You are viewing a single comment's thread from:
RE: Some thoughts about the Smart Media Tokens Whitepaper
For me, it seems like Smart Contracts are subset of Smart Media.. since content can be anything, it's just a matter of objective or subjective parsing..
I see what you mean, that's also true.
A more flexible smart contract platform could allow for many more complex contractual arrangements as can be defined by programming code. Ethereum the allows the Solidity programming language to define smart contracts, and EOS plans to allow C++/WASM (program code) to do the same for their platform for example.
That said, you're right that because these SMTs come with Steem as standard, they also provide huge additional value that doesn't need to be built around the smart contract, like it would for the other smart contract platforms.
The Steem SMTs seem to provide a kind of template system for defining social media incentive infrastructure. It's analogous to what Wordpress provides instead of using more advanced web development tools. You sacrifice the ability to tailor your system to exactly what you want, for the convenience of setting it up with a fraction of the effort.
I've gone through that line of thought again. Since there isn't any infinite programmability, I guess I'm not quite on the money in saying SMTs have anything to do with smart contracts.. still wrapping my head around this lol.
Me too, these are some pretty complicated ideas!