Uhh, ain't SMT's supposed to be like an ICO where people convert their Steem into the newly created token? I believe people can decide whether Steem owners can also vote on their website that uses their newly created SMT, which I would assume uses the VP from Steemit itself. It would be weird if you were able to vote endless on different sites with the same Steem currency...
I think it will happen anyway on sites like busy.org, because you will earn busy tokens and also steem tokens. As it is right now busy is taking a percentage of the post profits, like dtube is also, so it makes sense for them to tokenize it so they don't have to take a percentage.
I think the US Federal Reserve does a similar thing to 2X their money. It's called printing.
In all seriousness though, I would imagine that Steemit would not need a separate token as it would dilute the current STEEM token on the platform through competition and it would confuse a whole lot of newbies. Best to keep SMTs relegated to outside applications first and then go from there once we see the effects and the relationship with STEEM.
Nice post friend, well i really like SMT's because every SMT is being created on top of steemit blockchain and more beauty is that any SMT will be traded in SMT/steem pair and in this way it directly benefits steem price and it's great benefit for all the steemians. thanks for sharing
Uhh, ain't SMT's supposed to be like an ICO where people convert their Steem into the newly created token? I believe people can decide whether Steem owners can also vote on their website that uses their newly created SMT, which I would assume uses the VP from Steemit itself. It would be weird if you were able to vote endless on different sites with the same Steem currency...
I think it will happen anyway on sites like busy.org, because you will earn busy tokens and also steem tokens. As it is right now busy is taking a percentage of the post profits, like dtube is also, so it makes sense for them to tokenize it so they don't have to take a percentage.
In a case like busy.org, if the busy tokens were an official SMT, I would expect it to be from the same reward pool that's mixed in with the Steem currency. Got an article from @cryptoctopus that might help clear up what I mean.
https://steemit.com/smt/@cryptoctopus/shared-bootstrap-tool-how-steempower-will-influence-smts
No i would go for the #inventor16rules token
hahahha
I think the US Federal Reserve does a similar thing to 2X their money. It's called printing.
In all seriousness though, I would imagine that Steemit would not need a separate token as it would dilute the current STEEM token on the platform through competition and it would confuse a whole lot of newbies. Best to keep SMTs relegated to outside applications first and then go from there once we see the effects and the relationship with STEEM.
Agreed. BTW I like the numbers in your name. Represent!!
Haha I dont see this going over very well, but its worth a shot.
Yeah could happen tho :)
That a great invention bro thanks for share.resteem and upvoted
Nice post friend, well i really like SMT's because every SMT is being created on top of steemit blockchain and more beauty is that any SMT will be traded in SMT/steem pair and in this way it directly benefits steem price and it's great benefit for all the steemians. thanks for sharing
amazing
Wow what a fantastic new about steemit media tokens. When will it come to the crypto market? If it real we can double dip on tokens.
Upvote & Resteem
@inventor16,
You shared this post was confirmly huge news for steemit users.
In future Everyone can make double dip.
Thank you...
Upvote
posting a very good friend, I like posting, my friend also there are posts please visit friends.
I upvote and resteem this post, because I like.