Smart Media Tokens are coming

in #steem4 years ago (edited)

SMTs coming.jpg

Now that the code for HF21 is complete, the Steemit blockchain team has shifted their focus entirely to completing Steemit’s Smart Media Tokens protocol (or “SMTs”).

What are SMTs?

For those who don’t know, Smart Media Tokens are a token-launching protocol similar to ERC20s on Ethereum, but with all the state-of-the-properties enabled by the Steem blockchain, like three-second fee-less transfers. SMTs will allow anyone to launch their own STEEM-like token with customizable features including Founders Tokens, Token Emission Rates, Proof-of-Brain, ICO Smart Contracts, and more. You can find more information as well as the SMT Whitepaper by heading over to

When SMT?

We are not yet ready to release a specific timeline on SMTs, because we want to hear from more community developers before we finalize the features which will be added to the initial version of SMTs. Based on our initial outreach, the demand for SMTs is still extremely high. Despite the delay, no other blockchain project has managed to deliver the feature set that SMTs will have, because no other project has the Steem blockchain as a foundation.

One of the many reasons that we chose to develop SMTs was our belief that, as an application-specific blockchain protocol, Steem was uniquely suited to hosting powerful tokens with unparalleled features. The fact that no other protocol has yet to meet this demand validates this view.

Current SMT Work

Because Smart Media Tokens are already delayed, we are doing everything we can to simplify the protocol while still giving developers all the features they need from a decentralized token protocol with Proof-of-Brain. One example of such changes is our decision to remove “Hidden Caps” from the ICO code.

Hidden Caps

There was a time when projects would offer tokens for sale without disclosing the amount of contributions required for a successful launch. With the benefit of hindsight, it has become clear that such ICOs were mainly performed by untrustworthy actors. After consulting with community developers, we have decided to remove this feature. Not only will removing hidden caps eliminate a surprising degree of complexity, and by extension engineering work, but it will also help ensure that more SMTs are legitimate. That’s why one of our top priorities is removing code relating to these hidden caps, which will simplify the process of completing SMTs and enable us to deliver the protocol on an acceptable timeline.

We have identified a number of places where the protocol can be simplified without reducing its functionality, and will continue to look for any opportunity to accelerate the release of SMTs while maintaining their potency.

Thank You

We understand that the wait for Smart Media Tokens has been a long one and we appreciate those users and developers who have stuck with Steem. Fortunately, that wait was not entirely in vain. The addition of Resource Credits to Steem in HF20 and the release of MIRA were critical to ensuring that the Steem blockchain was sufficiently scalable to support the dramatic increase in activity we expect to see once developers and businesses begin launching SMTs. While we wish SMTs hadn't been delayed, Steem is now in a much better position to add Smart Media Tokens. We do apologize for the delay, and hope you can bear with us just a little bit longer!

Future Updates

We will continue to release updates through @steemitblog as we make progress on SMTs and will provide a timeline for their release as soon as we are able, so be sure to give us a follow!

Stay tuned and Steem On.

The Steemit Team


Hi steemit, is there any reason why this change

  • was not announced
  • was not discussed
  • was implemented after the work on hf21 has "finished"

This is a major change in steem economics, why it was not mentioned in any of the hf21 blog posts and just straight up added to the code?

 4 years ago (edited)

Steemit Inc. actually advised against making this change in HF21, or any other changes for that matter (unless they are required bug fixes). However, the witnesses took a vote and almost unanimously came to the conclusion of adjusting it to one minute. It’s a topic that has been discussed for quite some time. The last minute effort to get this added in was mostly led by @thecryptodrive

Thank you for clarification.

@cardboard it had been discussed by witnesses and stakeholders many times and every time no one really closed the deal and said "hey let's settle on x number and go for it", I had previously called for this to be included in this HF but nothing had happened yet as just mentioned, so I took the bull by the horns and got consensus witnesses to agree on a common figure and presented it to @justinw who had said to me that if witnesses could agree on a figue in a very short window, Steemit will be happy to add it. You can see my post decision public announcement here.

. There are huge UX benefits and users won't feel like they are being robbed of curation if they vote too earl.

Now they will be robbed by bots.

While I can understand people being concerned about code being added at a late time with little discussion. (I see that as a security risk) I certainly think it is a good and solid change that supports a real end user who maybe doesn't want to understand the complicated thing that is Steem.

Read a post, like it? Go ahead and upvote and don't try to play the 15 minute game.

Personally I don't think it favors the bots, any more or less. It favors those who want to use the site in some sort of natural way.

I just remember a big farking kerfluffle when they changed it to 15 minutes; it seems kind of odd that it gets tossed in like a bill in congress that tacks on 20 unrelated things (maybe so people don't notice and get all up in arms?). This HF is tipping the balance of curation rewards (which doesn't effect us minnows very much on the curation end; will bite us on the author end), AND giving bots a better way to earn curation rewards.
I don't pretend to understand the technical side of things, but it all seems like a giant middle finger to anyone who can't buy themselves a whale ranking. The big draw of Steem to us lowly plebs is that you can earn your way up and not have to buy in like Bitcoin, and this is making that harder.
I mean, I'm not going anywhere, and maybe it'll turn out OK somehow, and I'm worrying over nothing. I'm not trying to be all hyperbolic and "Steem is ruined!!1!!11!!!1!" or whatever, it just has that feeling of when the company you work for tells you that they are reorganizing but don't worry, everything is fine, we're a family, and then three months later half the workforce is laid off.
Minnows, and let's face it, unless you can buy in from the get-go, you're going to be a plankton/minnow for a while (I'll be here two years in September), aren't really concerned with the 15 minute game because our curation rewards are pennies. It's spending an awful lot of energy to, what - earn an extra half a penny? Maybe some folks have that kind of dedication, but I doubt most of us do, let alone the real end users, or mass adoption-imagined masses. It's saving us from an effort that would be a waste of time for us to engage in in the first place.
I have hope that SMTs will make things better for us unwashed masses, but I don't have hope about the new split or one minute window. I don't hang out with witnesses and stakeholders; I don't know where they ostensibly have these conversations or if they are public; I am not a cryptographer. I'm just that regular user that got really excited at the possibilities of blockchain once I began to learn about it and has read a couple of books on the subject and reads a little crypto news (which is probably more interest than most of the masses everyone expects to come over some day from other social media). And to me, this feels like being a cog in a corporation - you don't have any real stake (just your ability to pay your rent, which is huge to you, but jack shit to the CEO), you don't have any real voice, the board/CEO/bosses don't care about you at all, you just kind of have to accept whatever gets handed down from on high and make the best of it. And me stating this feeling here is as much an exercise in futility as speaking up during a company-wide meeting: the decisions have already been made, the feelings of the little people might get lip service but that's about it.
So I guess, I don't know, I'm just venting. But I haven't spoken to a single Steem peasant who is happy about HF21 at all. They're all worried about how they're going to pay the rent. Me too.

Hey but you earned 18 STUs for this comment!

I have hope that SMTs will make things better for us unwashed masses

We do too!! Check out our project

What is the motivation of this change? From the user's perspective, it seems illogical.

It makes bot / automated votes > users organic votes. No user can compete with bots and put vote early enough to get good curation reward.

Currently, the best reward is when we vote, say, between 5 and 10 minutes. I don't think it is currently a big deal with users voting too early then and "losing" curation reward.

I've read post from forum and this sentence below is definitely not true:

(...), they just lose curation by voting earlier than 15 mins.

They may lose, they may gain. It all depends. It depends on sum of rshares before our vote, sum of rshares of our vote, time of vote and total sum of rshares after payout. But for most users in most cases the best time to vote is between 5-10. And the smaller the vote the more profitable is to vote earlier. On the other hand whales should vote at the end of the curation window.

To give a better picture, it may look like this.

@jacekw @cardboard currently the UX is terrible for users who know about the 15 mins reverse auction window, leaves a heavy cognitive load and people second guessing if they should wait to vote and often even forget to come back and vote. It also isn’t conducive to short form content and the flow of discussion. There is a small tradeoff for that with bots being able to vote sooner, but overall it means the user gets more curation and helps get the content out of superlinear to linear faster. Also there is so much content now on Steem that the bots will serve to vote on established authors and helping retain them while human users can scout for new or first time users and will overall enhance curation.

It’d still be nice to have more warning/transparency so users who aren’t witnesses can give some input.

Of all the changes regarding HF21 this is the only one that makes sense to me.
Thanks for looping me in.

I know why they did this, it is so they an blank out our comment immediately!

So much salt in the comments. haha
But for reals I'm looking forward to it and I may be skeptical as well... but I am also very much routing for you guys!
I'd love to see them happen.


  • What is "founders tokens"
  • Token emission rates... is that an aspect of a token distribution system?
  • I assume proof of brain means you'll be creating a distribution system for the coins
  • Any examples of a couple of simple smart contracts you can conceive of being made?

So much salt in the comments. haha

It's pretty annoying especially seeing it coming from the worst accounts on the platform.

I believe Steem is the only true governance chain(some of it's forks have this governance system as well), we have a vote and a say what code we want ran in an indirect way. What a beautiful system.

if you think about it parliament has more people in it than 50 ... but i steer clear from politics , i havent really been following because i have no power over it but so far from what i heard HF21 seems to be an elitist move ... i hope it doesnt push too much of the bulk away ... wait and see until implementation ... it started out as a circlejerk for people with a certain level of income and ...

i dont really dare voice total opinion i just picked up bits here and there im too busy on my own stuff and i dont have a say in it anyway

and : it looks like its gonna push more power toward, its like a simulation of life, only this is whalestreet, not wallstreet ...

i will hold my opinion for the realz unti i see what it actually does ...

founders tokens

The creator of a SMT basically "insta-mining" some tokens for themselves.

Well said, Sir.

my feeling exactly!

Please do it step by step.

I think first step should be

  • token creation & dex

and this might be enough as the first step and much better than more delay for more features.

Since SMT is very complicated, this way is also the right way in terms of testing.

Thanks for the feedback! We're definitely going to release SMTs in "versions." We don't think the SMT protocol will ever be "complete." It will continue to be updated as developers discover new token functionalities that could add value to their apps and businesses. The focus is entirely on keeping things as simple as possible, so that we can release SMTs as soon as possible.

We know you can't code SMT's. How about addressing the falling STEEM ranking due to the liquidity problem. STEEM is now ranked 72 and STEEM price is falling due to the lack of exchanges supporting STEEM.

u huh, something that would benefit EVERYONE , not just those who already sit on a pile ... @socky, you've been campaigning for like since the dawn of time now, right ... deaf mans ears ... i quit making proposals pretty fast ... i left steemchat after four hours after i joined ... that's not my crowd lol

but it's still the ichiban blockchainsystem ... the rest is just "normals" life with the 1 vs 99% ... business as usual

WYSIWYG editor is still too difficult to implement (steemSTEM, stemQ, steemHunt, Engrave already have it, but never mind it's too complicated)

What makes you think that? I've been following the progress of GitHub, and they are certainly capable of programming it: there's just a lot to program.

  • HF-20 debacle
  • We have heard these promises many times before with nothing ever delivered.

They even had an era of prosperity with huge hiring spree and spending with no release of SMTs as promised.

We already know they are "coming" theyve been "coming for years now? what about a steemit mobile app? @sneak promised that on STAGE actually lol

We have sorry no one cares about SMTs because all the big projects waiting for SMTs already made a Steem Engine token, and it doenst automatically = success.... its humbled a lot of people... SMTs are not going to do anything more than Steem ENgine tokens have done so why not make some announcements about things we NEED like ONBOARDING?

Go help and their project which needs delegation and RC mana from accounts like @steem and @steemit and you know @ned you can get ned to plug in his RC mana to and generate millions of new accounts a year for free instantly if we had a took, to automate that.... we need onboarding solutions.... the community is stuck trying to strugle to onboard, when steemit inc should be doing this, its a serious problem.....

We need free accounts - amen! No.1 priority

And we have them. This was included in hf20

When I say free, I mean:

  • you come to steem-related website
  • you click sign-up
  • you get the account in a matter of minutes
  • account that works

Not true. We have what is called blockchain subsidized account creation and you need what? 5K Sp? 4k? 6k? to create ONE account every 5 days.... real helpful.... sorry but need has to spend his own money to buy new accounts no way around it. unless next hardfork will lower the requirements, but ned and steemit inc were SUPPOSED to be paying for a solution to get rid of duplicates, a SIMPLE way is using what they USED rto use before giving up, reddit accounts with certain karma, or twitter or facebook accounts with certain activity, and yeah that can be abused, but its harder, theres no perfect solution BUT IS NOT OUR fucking jobs @g2g its steemit incs jobs lol typical weirdo response telling teh end user to do the work of steemit inc

There is a reason why you have lost so much money and steem is 40 cents.. dont try to tell me you hadnt wished you had stayed in BTC this whole time instead of steem.... but if @ned had focused on new users things could be different,m who KNOWS how many new investors and developers we could have gotten .... if ned would have spent a few million dollars a year onboarding... who KNOWS how many Millions he could have made....... steem is not in a vacuum

Yall' know what would be better? If it didn't cost so much fucking RC's to create an account in the first place. At this pace, even with the entirety of Stinc's SP ie RC's creating free accounts 24/7/365 they wouldn't be able to onboard millions of new users we are hoping to onboard once the floodgates open.

Typical Steemit logic :D

  • you have the account
  • and a bunch of power
  • now you can create new accounts every single day
  • when you absolutely don't need them

Analogy, thirsty man in Sahara. It's fine, we have invented water pipes, so you can drink once you are at home :D

this is true! so that the added value steem we need new active users

They already gave us fast free accounts once. :)

memehub is a way to help onboard through memes. We plan to offer free steem acct creation for memers after using our site a certain amount. got a lot in the works for memes on steem

i almost thought this was spam the way you wrote this be careful lol just start with something more natural if i were you :D like "HEY that reminds me, MEMHUB!" lol

will u be the follow up to dmania ?

kk, ill take that into acct. Our system will be far better than the dmania platform and without the scammer part lol

oh come on dmania never scammed anyone, it had some script that was infected by a lot of similar software, he didnt put that in to make a few dollars or whatever,

Im not sure if this is sarcasm or not?

Partiko is the best app you can dream of...

problem solved

Thanks for notifying us. That user has been blocked and reported and the comments deleted.

Obvious scam, but people will fall for it.


Clever? WTF is going to fall for that?

'Please send us X amount of money and we'll send you twice as much back'... ?

Posted using Partiko Android

Sadly people are dumb enough to fall for it...

That is a scam, never send! FB should seize that account!!!

What is the cost of creating custom SMT? Any spam protection?

Posted using Partiko iOS

Last time there were talks about it I heard 10 sbd being thrown around but that may have changed.

Thats... incredibly cheap.

How about shifting part of that focus for doing some contingency planning for a change? If HF21 backfires:

  • Will you guys even notice? Are there quantifications for success, failure and total role-back level disaster?
  • If you guys notice, can we expect another HF20: "just let it stabilize" phase followed by frantic duct taping, or can we expect actual contingency planning for the HF21 roll-out this time?

Seriously, telling us you are no longer focusing on HF21 isn't exactly something we need to be hearing from you guys at this point in time. We need to be hearing about quantified success, quantified failure, kill switches, contingency plans, and other such things that could create some confidence that we aren't heading head first into an other HF20 disaster this time around, but now with only a fraction of the old staff.

Are there quantifications for success

This will be my number one qualifying question for all SPS proposals (if HF21 goes through).

If I were a consensus witness, it would be my number one qualifying question for all version changes and hard forks. It should be every consensus witnesses number one qualifying question in order to do their jobs - secure the blockchain.

On a completely unrelated note... have you thought about creating/joining a witness team?

Did you see any end user testing for HF21?
So far all articles are speculating, not a single test result has been shown.
This is very scary.
HF20 business as usual.

We should test for a while before implementation . Testing doesn't always expose all the bugs and even if it does sometimes that commutation between tester and steemit breaks down , that is what happened with hf20 . Timcliff pointed out the bugs i believe pre fork .

No one pointed anything out pre hf20.
It was just a disaster.
And this time.. No one seems to do any end user test cases. None of the high paid witnesses.

Correct me, if you know of any test results.

Yes, very much this ^

Are there quantifications for success

Sure, the state-of-(f)art method of XXI century, it's called feelings.
If you feel it's right, it must be right, otherwise, you are a nazi.

They'll notice...and then promptly make a post declaring it a huge success, while the entire house is on fire.

Pourquoi ne pas rejoindre l'initiative de Steem-Engine qui fonctionne déjà depuis plusieurs mois. Vous gagneriez un temps précieux et répondriez à votre volonté de mettre en avant les meilleurs développeurs qui travaillent autour de l'écosystème Steem.

Because... Jealousy, ego, and stuff?

Steem-engine has Joined the chat

I like how the assumption is the HF21 is done and perfect and already accepted by the witnesses.

Oh wait, none of that has happened. Seriously guys, this is amateur hour. It's fine to start spinning up future projects but you also have to actually finish the other ones.

The witnesses are still free to come to us and tell us that they want a change made to the release candidate. We will then inform them how long it would take to code these changes and estimate the delay, if there is any. The code in HF21 was based entirely on our communications with the witnesses. They have clearly communicated their consensus behind the changes that are included in the release candidate. There is nothing left for us to do unless the witnesses change their minds. Which they are free to do.

It is sounding more and more like the top 20 witness may not the best choice to be making decisions for a community. or maybe i misread. Steem Inc though has little time when the voice has little stake powered up.

Have I missed where HF21 is done and operating?

My point is you guys have not crossed the finish line. Witnesses haven't approved anything until they are running the code. HF21 isn't done unless or until it is approved and working.

We all know HF20 was a disaster and don't want to see a repeat. WIth a HF pending, it is not the time to have "Steemit blockchain team has shifted their focus entirely" to anything.

And like I said, I understand project management and starting up projects without dependencies. The point everyone is freaking out about is that it sounds like you're going to blow HF21 like you did with HF20 by not paying attention to it as per @pibara's comment.

HF21 is in a testing phase and we will absolutely address any necessary bugs (if any) that are identified by us, witnesses, or other developers during this testing phase. We will also need to give exchanges an appropriate amount of time to upgrade before the hardfork date. In the meantime, it’s full Steem ahead on development for SMTs. We aren’t waiting around to get started on this - in fact, SMTs have been back in active development for over a week now.

Justin, are you guys working with the Steem-engine and SCOT teams to see how SMTs and SCOT can complement one another and learn from each other? I mean, there might already be things they’ve developed that you can use.

There is no way they would do that. SMTs and SCOT tokens are in direct competition. SCOT will either grow to be so much more sophisticated in capabilities to SMT that people keep using them, or they will be discontinued.

In all likelihood, Steem Engine will go on to become a layer 2 solution just like most sidechains are doing now such as Loom, Blocknet, Matic. Steem Engine will still be very valuable as a market for trading crypto and also for interoperability between Steem SMTs and all the other blockchains.

HF21 is in a testing phase and we will absolutely address any necessary bugs

How about a simple bug, I can't change my profile photo since the wallet was moved to separate page?! it loops to login and back

@alexs1320 - you use your active key or master password to change your profile picture in the wallet. One of the changes proposed in this hardfork is to allow a posting authority to update these settings - assuming this hard fork is accepted, we will be able to move that functionality back to the social side at some point shortly after the hard fork.

I would like to, I've done it once already, but something was wrong several times.
I'll try again in a couple of hours.


This isn't linked to the blockchain. This is linked to the front ends. If you want to change your profile pic and isn't working try or steempeak

Sorry, I forgot, Steemit is not Steem and this is only Beta version :D

Testing phase?
did you see any articles about testing of any witnesses?
End User testing, that is, not unit testing, that your code is running with Jenkins.

I'm deja vu all over again.

But really the community and the top20 block producers should be making some decisions and giving input on what they want changed. I don't mind them moving to work on SMT in the meantime.

Like I said somewhere, I think it's the completely shifting focus that is making everyone flip out (including me)

"I'm completely shifting my focus" is a good sentence for a 6 years old kid. "I don't want to be an astronaut, I'll be NBA star"

I'm pretty sure it's like one programmer switching to work on SMT

... andrarchy and some others I'm sure are free to chat about HF21 if the top 20 wanna chat. Let the dang programmer go work on SMT instead of sit around just because it makes us "Feed Good"

So who is responsible for HF21 contingency planning? Who is responsible for defining and quantifying success and failure? Steemit Inc? The top witnesses? Both? Noone?

Yeah one step at a time guys and gals! Lets see this HF first!!!!

Tokens and SMTs I think are already here, and so are communities. You missed the boat.

What do your tokens do that these ones currently can't/don't?

What is the value of using your SMT when we can already use one that is functional now and people are already making their own?

Why use your community when there already is one?

@truthforce writing

They are here, if you like centralised banks and such, yes. But not in true decentralised matter.

May you explain it to me:

  • what do you mean by "decentralized"?
  • why you want it to be decentralized?
  • and how PoS system can be decentralized?
  • even if you create total equity, how Pareto and Gini will affect such a system?

Decentralized = not dependent on one self proclaimed actor to keep running.
It's necessary to even have a slight chance to be listed on external exchanges.
In PoS/DPoS nobody cares when one node goes down. What will happen to steem engine when they stop operating their bot?

It's necessary to even have a slight chance to be listed on external exchanges.

Is there a general approach how it is done?

Seriously, because for me it's difficult to understand why Steem is not promoted in tourist areas where you could exchange it for "real money".
And why it's not supported by crypto ATMs.

It seems logical:

  • make a photo / story / blog (as you would)
  • post it (here as well)
  • get free coffee!

Why is the task of getting it to exchanges impossible?

  • not enough users
  • technical problems
  • they want something in return

There are crypto ATMs supporting steem (netcoins Canada).
The free coffee for a photo idea doesn't exist because nobody has done it yet. Would be hard to make money off it (cost of the booth+software+coffee vs. expected upvote value), so I doubt it will happen. Maybe as a marketing gag like roelandp's steem whale (although there steem is just an addition to an art project which was happening anyway)

Steem engine tokens will not be listed by exchanges because they are for trading decentralized tokens. That's a technical problem, created by the concept of steem engine. They cannot change that without giving up their business model of letting people pay them instead of the blockchain to create tokens.

Lol.. The comments are on another level. Anybody who has any idea what will happen to steem-engine once we have the SMT's in the next decade or so?

Posted using Partiko Android

It'll be good for all of us... competition will have them competing hopefully toward better feature sets. Probably pushing steem-engine towards more decentralization. Maybe bringing out more people creating distribution products like Scot. Or even totally trustless / decentralized distribution features.

caught the "decade" part... ;)

I suspect it will become a layer 2 solution for Steem (though it does not need one for scalability) and more importantly an excellent tool for interoperability and liquidity for SMTs. Steem Engine is on-boarding blockchain currencies build on EOS and plans to add ERC20s. I have no doubt they will add ERC721s, add Loom tokens, Cosmos coins and so on... Layer 2 market.

After such a delay still not even a timetable for SMT available? Why then this post?

No time line like before, but all the things that I read hear are incredible and this is what industry needs! Congratz team go ahead, we have waited so long and yeah we can do that till you launch all these features!


Awesome, I’ll wait another 2 years.... 🤦🏼‍♂️🤷🏼‍♂️🤣

Posted using Partiko iOS

With steem-engine already performing the functionality of SMT's is there anyway just to build on what we already have rather than a new full scale project. There is so much that we need to get built for the system that it's time to start getting it done. Onboarding, marketing, a new portal for steemit ect....

While there has been some good work done in the background it's the foreground that people use and see. Hopefully we can get a simple, functional and exciting system to use for all the new people that we want to see joining.

Steem-engine from my understanding is a somewhat centralized side-chain, not proper steem token. That creates some possible issues because of certain level of centralization + steem-engine chain does not have proof of brain distribution but instead the token have to be pre-printed and then shared by a bot, as far as I have understood. For steem-engine to get proof of brains protocol at it's fullest would mean to basically copy what steem is now + the upcoming smt's.

People have been waiting for years over a Year for SMT's. I'm glad to see the Steemit/STEEM team is finally giving them primary focus. I do not have good understanding of all of the backend issues that surrounded the creation of an effective token system, however it seems clear that you all feel the updates you have been working on for the past year were necessary.

I'm sure there are many others out there, like me, who have essentially given up on seeing any true progress from this platform. However in the back of my mind, there there is still a small piece of me holding on to a small string of hope.

Looking forward to seeing what you come up with.

Earning without Bidding.JPG

Smart Media Token Coming

New CEO of Steemit coming

Daily new down rate of Steem coming

Google Adsense ads on Steemit coming

whatever coming, but do it really going to help content creators !

LOL, you are posting 4x a day low quality articles and botting them and you literally have 4 comments in the last 2 months INCLUDING THESE TWO :D

are you one of the "content creators" you think needs help?

No, I am saying it for you people who create high quality content but need to send SBD to OperationCurationBot !

It helps a lot if people use those DVs to balance the low quality content that gets boosted.

Stop cooking SMT stories already. If you can make it happen, then do it and show us already. The announcement has been there for years, over and over again, and yet it's still coming. Oh wait, I thought we have steem-engine already? Hah! If you don't have anything better to announce, then don't. Totally pointless I find this post.

Posted using Partiko Android

Not as pointless as this comment.

And you took the time to reply.

Posted using Partiko Android

Upvoted for being a hilarious burn...

You'd think an official Steemit account could bother to upload a profile pic. How many years has it been now?

Oh? SMT's are coming? Would that be sometime this year? Maybe next? How nerfed are they going to be? Cuz it seems like despite them being "delayed", you don't even know what features they'll have. You should be far beyond asking what features they should have. They should be ready to launch. You guys seem to be great at hyping and over-promising, but not so great at actually delivering.

It's import that Steemit give updates and make posts about what's going on behind the scenes...but when you rarely give updates...then make a post just saying "SOON", and asking what features a project that was supposed to already be done should have, it doesn't exactly breed confidence.

Is this a redundant post from last year? 🤪

Server hung and post came out a year later...

the Steemit blockchain team has shifted their focus entirely to completing Steemit’s Smart Media Tokens protocol (or “SMTs”).

Even though everyone is expecting a timeline tbh...

Hoping this happens soon, and by the way the last 3 update posts from steemitblog haven't shown up on the update log on the home page.

Thanks @jondoe, we typically Feature them first, and then migrate them to the Updates Log once they are no longer being Featured.

Please do feel free to jam all your "featured posts" hard up your arses...

How to totally trash a platform - I hope that is your aim, otherwise the alternative is bordering on scary...

I thought they were putting them there for hand/eye coordination exercises to click the x.

In all fairness though, this post is priceless for reading the comments. Looks like the honeymoon phase might be over now. :)

SMT would of been nice last year, would of been perfect timing for the rally we have now instead it seems everyone sat on their butts and collected money.

Will this be done is a SCUM and Sprint review once the requirements and planning are completed to keep the community up to date?

Did you mean SCRUM? :D :D

Honest Freudian slip.

Yes, we will probably do something like that.

Ah yes... like how Nuclear Fusion is always just 30 years away, SMT's are always just 30 weeks away! Seriously, if you don't have a time table then don't make this kind of announcement. Also, considering HF21 is far from accepted yet, at least by the Steem community (the top 20 witnesses seem like a forgone conclusion at this point... #JudgeJuryExecutioner), you might consider how it looks to post something saying "we've turned our attention to blank" while your last poorly designed decision hasn't even come to fruition yet.

Aggroed did this already, as we all know. Will this be inferior I wonder?

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Scot and smt aren't exactly the same though as smts properties will be enabled by steem blockchain directly. Also Scot costs 1000 ENG to create or 880 steem last I checked. SMTs were supposed to cost 10-100 to create. I might be wrong about the numbers but I don't think I'm that far off. And who knows what current smt projections are?

We have a shitload of layered tokens and not many of them have any real intrinsic value or use cases as of yet, so while I agree it's cool, it's essentially a novelty that lit a fire under the majority stake holding and selling entity known as the stinc...Notice actifit and others are still patiently waiting or at least I think that's what they're doing..

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True, thanks. Differences, but I think with Aggro they need to pay for the time they spend and spent doing it, while doing improvements without guaranteed income like STInc has.

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Also we would love to have a more decentralized tokens secured by the main blockchain and not a sidechain... and non-private distribution systems.

Both things can co-exist most likely.

SMTs and SCOT don't have much in common.

H m m m ...

personally, as a metafysicist living in the metaverse and mostly in seven places at once as Jane's Underground is tugging from all side as they all want some attention i believe the cosmic inflation is the biggest problem in the long run , and as @socky also said here (and has been saying nearly daily campaigning since the dawn of time) - the lack of initiative by self-proclaimed "investors" sitting around and waiting for it to rise. It needs entrepreneurs ... like your yabapmatt/aggroed - tandem for instance, im sure they don't work for free or for the benefit of the nation in the first place but there is incentive to have steem. Not by sheer speculation. The inflation however ... derived from the core rules of the metaverse it's safe to say you can not have unlimited expansion within limited space (and time) - and steem certainly doesn't have expansion to keep up with it (althoug someone here seems to have enough money to keep the sbd pegged, i remember that thing being like $2.5 or something at some time ..., but steem was around $7 or $10 too, hence the original @goldmanmorgan experiment ... which hasnt turned sour as the playcoin is just playcoin now - if steem goes down by 10x i add another level between silver and 10 and i have 10x playcoins for my game ...) nothing of that. But the inflation IS. At world level finance , if the fed prints a wad of dollar on top , it's to ease , meaning DE-valuate the "world" currency, so in essence non-stop inflation (i might miss a few words as im not a pro) is constant easing ... but you got here your system where people "get rewarded for good content" (a concept i find highly debatable as in my experience over 2 years i find people being rewarded for selling dopamin (aka hot air in the form of promise) or pseudo-aggressive networking, the real talent is left begging for cookies barring the happy few who got AND talent AND came into into it with money ...

that's my opinion ofcourse ..

despite that ...

... i could reference blizzard also because they uffed-up WoW by caving in to whiners ... (i dont do goodspeak very well, but im trying)
Despite that ...


AlleyCats and Tunnelrats care not for names or titles, and the teknomage is fascinated by complex streamlined intricacy. I havent found anything SO kühl as the steemchain since probably satoshi invented running water (i was burned by mtGox , i should have bought the t-shirt) or maybe linux itself (although thats probably blasphemy, NOTHING beats linux in terms of kühl...) and now they throw phaser 3 at my head and i think id like to start experimenting with babylonJS on alleycat for teh lulz so basically

We go ... the cat on the roof and the rats in the tunnels because dogs cant climb trees ... and need to listen to their masters ... where we want ... (sadly in real life that costs money, which is HARD TO GET HERE) and personally, even if the price goes down to one dollarcent i think i'll still be sticking around here, just because drooling over condenser gives me a ** * ***** ....
(yea, flag by me ... first attempt at forcefields in blender)

the money, man, the money ... us cats and rats got all that talent ... a little money goes a waaaay longer way here to express oneself ... if you are people with money, TRY DOING SOMETHING instead of buying and waiting

please ...

this comment deserves some sort of reward


I guess its too early to say SMTs are coming.
Let's first see what HF21 is bringing and test it for maybe periods of time how it goes, letting it mature in full maturity.
After that, stop, look and listen.
Then ask, " Is there any other things need to be improved?"
Maybe spending some periods of time stabilizing the system.

There's no need to hurry, just because we could see the crypto market is showing some bull runs, then we also tried to force ourselves run as well and maybe letting people know about SMTs to maybe make them buy some steems because we could see that steem is going down in ranks.

Even if steem ranks a 100 or below, there's no need to panic if we're confident enough that it will rise in the right perfect time.
Even if it would take a decade to launch SMTs, would be much fine than rushing things, losing the end goal.

I guess surprises are exciting than expectations.

Along all those changes, could you please make a SIMPLE and UPDATED page with all the latest contact to reach you guys?
There's almost no connection between users and steemit team and if someone wants to reach you out is lost searching for 2 years old post with some old email addresses.
I think clarity to reach you guys in case of need is really needed.

@andrarchy @steemitblog @justinw

I seriously think you need to give stability a try. Do the hard fork and make it work as smooth as possible. Let the ecosystem find its center then push on about projects that have been around since I started on the platform. I feel like you can't see the forest through the trees and it's gonna hurt Steem overall.

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