RE: My Background and Vision for Steem
Hey Justin, welcome board. Thanks for sharing a little bit of yourself, both background and vision... It means a lot, not only to me but to others that will be coming on board, as a result, our Platform blogging for Steemit Inc and the new Smart Media Tokens.
This is my compound question, will the SMT have open-source cryptography that enables it to have the following customized protocol? (1) a denomination series for medium of exchange, e.g.,[1], 2, 5, 10, 15, 20, [50], 100, 200, 500, 1000, 2000, 5000, 10000, 20000, 50000, 100000... and store value, e.g., a token coin denominated [1] = 1 ounce of .999 fine pure silver minted bullion coin certified weight and content by the U.S. Mint equivalent to $20 USD and a token coin denominated [59] = 1 ounce of .999 fine pure gold minted bullion coin certified weight and content by the U.S. Mint equivalent to $1000 USD... (2) secondly, in addition to denomination can it also have "satoshi" ~ 8 decimals, i.e., 0.00000000 ...the denomination series with satoshi enables the token coin to also be traded on free-market exchanges of the blockchain ecosystem against all other cryptocurrencies like BTC, ETH, LTC, EOS, etc.
Thanks for your time to answer the question at your earliest convenience. I believe others will be interested in hearing how smart media tokens really are. Have a dilly great day!