You've really increased my understanding of the White paper. 

You have truly dissected and predigest it for me. Thanks

That's a really great overview Nanzo.

It is REALLY late for me here, so I am going to come back to this.

I wanted to see what you were up to so I came to visit your blog tonight.  

Have a good weekend.

A SMT will be exchanged through STEEM, so we won't have a pack of SMTs and STEEM only one of them. We will have STEEM, and after that a cluster of SMTs over STEEM. Market-wise, this will in all probability help interest for STEEM, as a token. 

Additionally, the SMT age system is far more mind boggling than only a token issuance on the Ethereum stage. When you dispatch a SMT, you truly dispatch a thin layer of Steem-application-forms over your substance, including your own particular prizes pool, your own particular swelling model, your own particular voting and curation calculations and your own vesting component. 

Hope this helps.

Thanks for the simplified version of it as i got confused after reading the SMT yesterday thanks a ton :)

Thanks for great post

Great post. Though STEEM is the currency, the network is Steem!

I have read the white paper, and there is only one thing that I dont quite understand, I would like to know if:

## Can the token Reserve be depleted by tokens sellers?

The machine and I have translated Your post in german language. 
https://steemit.com/deutsch/@chris-iv/smart-media-token-eine-leistungsbeschreibung

This is just what I have  been looking for. Someone that uses English to explain the core concept and function of SMT. You explained everything very well and even I got it. 

The more demand for steem the better, this sounds good to me :) 

Thanks for taking the time to breaking it down and explaining it in non geekinese ! 

Wish you a good weekend !

Thank you for the post.

Thanks for summarizing this. I'm sure it will propel Steem to new heights in the near future. Upvoted your blog

I didn't had a chance yet to read SMT whitepaper, so I'm very pleased with your summary and understanding of the whitepaper in this post! Low entry to launch a coin, and the basic tools to manage the coin seems to be made available with SMT. I see a lot of potential, especially when integrating this further with existing services and systems already in use by businesses. But, STINC shall concentrate on the social media services and tools to be able to onboard commercial business to make Steem the currency used for many of those businesses who use Facebook and other social media services to run their marketing and interact with their followers.

The future of tokens could bring much profit to those hodling steempower

So SMT are like in-between tokens. To prevent a plethora of different crypto's. Where Steem with be the 'leading' token?

I do not recall seeing this in the whitepaper but since all these tokens run on the steem blockchain would that entail that all tokens also have to be managed by the steem witnesses or is this a totally different topic?

Can't wait to read your personal views on it. If it's another nanzo-ned conversation I'm really looking forward to it!!!!

Nice little run down of the increadibly dense whitepaper.
I would personally like to hear your views on it, after reading your runover of snip, you get down and deep ;)

Once again, Im excited to utilize this... curious what you think about tho. Ripoff of eth Erc20?
I think its a great move forward for the steem blockchain as other chains are also working towards this smart token approach.

Very helpful gist of the entire whitepaper. It makes it so much more easier to understand it.

Ethereum now has a direct competition!

creative post. really helpful. great work!

I tried reading it last night and failed,guess i was tired or it was written in gekanese hahahahaha
>It is written in 'Geekanese' so not the easiest to digest. 

You have given us an overwiew of the whole whitepaper.
>The tokens can be integrated natively into existing websites.

According to your analysis,it is a great way many people,businessesa reable to monetize their content.

This is really amazing and it will make Steemit grow massively when the implementation begins.

We should expect massive numbers of new users here before end of this year.

Great breakdown. Watched the video that @ned sent out and it was decent too, but left me with a lot of questions. After reading your post I still have a lot of questions and also opinions, but I will keep them for when you write your opinion piece. Thanks for the non "geekanese" breakdown

I started reading about this yesterday on Ned's page and it was sort of difficult  to understand . But now that this is much easier , I'd love to. Create a token and give it my own name . This is really good idea

You did well for sharing. Thanks

awesome write-up! @nanzo-scoop can I share this post on the podcast shownotes?

pourquoi je ne peut rien poster sur mon compte steem it ?

I heard about this yesterday and I quickly went for the whitepaper. The whitepaper was one I found myself dozing intermittently. But with this demystified analysis up there. I'm sure going back to it. I should lend an input in your next post. Thank you.

Hello

I am very excited about the launch of SMTs and I have some questions.

1) Can SMTs use other means that "upvotes" to track Proof of Brain?

2) Is there a way to set up SMTs so that the incentives do not require people to use voting bots?

3) Will SMT ICOs only be open to accredited investors in the United States or can any STEEM holder purchase tokens?

4) Are there any companies that are planning to provide marketing services for SMT ICOs?

Helpful thanks. I'd be interesting in knowing how easy it would be to set one of these up. Not aimed at a technical person but explained for a layman. Can anyone do it?

Thanks for the update, great info!:)

I invite you also to enjoy my first giveaway, in my last post:) Two Nature Art accessories with Steemit Art logo!

Steem on :)

Sunny day!

Thankyou for sharing @nanzo-scoop . . I like your post

https://sc.mogicons.com/l/dollar-eyes-220.png

Very well thought out and easy to understand explanation.  I've read so much on this today my heads spinning, but I feel I have a pretty good grasp of this now.  

It seems to me, that all new SMTs are derivatives and essentially backed by Steem, this would create a very significant demand for the Steem token resulting in a much higher Steem price.  

I see a plethora of reasons for wanting to do bring this platform to an existing or new website to attract and incentivize users. This will very interesting to see how this unfolds.

I love the term "Geekanese". 
During my first look at the whitepaper, I thought it was "Nerdish", but now, I think you can be right, too!
THX for your effort!

Looking forward to your personal views on the smt subject is there any chance that that article is already out?

this is a great breakdown for SMT's 

Thanks for this.

This will take STEEM to the MOON! Thanks for the easy to understand info!  Followed!

Thank you very much for your work. You have explained clearly enough))) I wish you a good day)))) And I look forward to your new videos)) You are interested not only to read, but also to watch)))