RE: Will the new SMTs help or hurt STEEM? by oldtimer

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steem · @oldtimer · Sep 29 '17

$0.03

Are you familiar how bitshares Dex work?

👍 yabapmatt

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@yabapmatt · Sep 29 '17

$0.71

No - though I understand Steem is very similar to Bitshares and built on top of the same platform.

Should I look into "bitshares Dex" to understand the relationship between Steem and SMTs?

👍 yabapmatt

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@oldtimer · Sep 29 '17

$0.03

As I understand it's like You need ethereum like gas to pay fees on eth blockchain. On BTS you need bts to convert bts assets to exchange for crypto and the to fiat. You need steem to convert SMT to crypto. And also steempower for bandwidth to run your STM. I know it's not exactly this way, but simmilar. Ask @dragosroua.

👍 yabapmatt

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@yabapmatt · Sep 29 '17

Thanks again @oldtimer. I read and commented on @dragosroua's posts about this and also took the time to read the whole rest of the white paper which actually answered this question directly.

I made a follow up post with what I think is the answer to this question based on what is written in the white paper here: https://steemit.com/steem/@yabapmatt/how-will-smts-send-steem-to-the-moon

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