> The problem is that different communities have different ideas of value. Right now STEEM stakeholders (Steem Power holders) determine what has value on Steem.

STEEM stakeholders determine what has value on Steem!
In order to support this, we will donate our power, as we used to do, and create state governed use of means of production. This fantastic idea is also known as socialism. We are social network, we need to implement socialism :D

> It is tyrannical to force one community to conform to the standards of another, and it's even worse to force every community to conform to the standards of one community

It would be tyranical to make some general rules, but central planned economy *(giving the immense power to some) is not a tyrany. It's more like... Stalinism :D

> If the killer-app of cryptocurrencies is their ability to align the incentives of various people within a group 

Fantastic! Nobody have ever discovered something called - points?! Can you imagine, players can earn points, and form some sort of leaderboard

Congratulations @steemitblog!
Your post was mentioned in the [Steem Hit Parade](/hit-parade/@arcange/daily-hit-parade-20190814) in the following category:

* Comments - Ranked 5 with 69 comments

ok

![imagetest.jpg.jpg](https://cdn.steemitimages.com/DQmUMtt14FqGchjGDqdEgR53PNREy6wf4AjNkfjY2oF2iAd/imagetest.jpg.jpg)
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The name Smart Media Tokens sounds confusing and probably will take a good amount of time for newcomers to wrap their heads around it. The name you mentioned in the article - Community Tokens - sounds so much more descriptive, people will get it right away, and it is more broad. The name has a big importance, so would you consider renaming SMTs to Community Tokens? Maybe run a poll to see how people react to this name?

@steemitblog, Thank you so much for these continuous updates team. And we are also super excited for this journey.

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You have no idea how happy I am to read this. Keep it up Steemit Team, we're rooting for you!

good post, some welcome encouragement

Any official update on how SMT's will affect/co-exist with SCOTs and Steem Tribes?

That's probably why some people are trying to squat as many communities as possible before SMTs become a reality.

"Steem began as.. people who were passionate about the platform. But that is an inherently limited group.
The STEEM token can be thought of as the currency of that community. Most people aren’t interested in Steem and never will be."

Wow, whose side are you guy son? Sounds like you've given up on STEEM as a currency. Is that part of the reason it keeps crashing in value, causing devastation to the community? 0.167 USD today.

"To get those people using Steem, we have to take the lessons we’ve learned from using this technology to give people ownership over their social information and align their incentivizes, and scale these solutions to satisfy the needs of every community."

Do you even read your own nonsense? Listen to the corporate bullshit nonsense you're copypasting and asking us to eat up! It has zero meaning, zero purpose, you're just wasting our time with babble.

The owners of Steemit (and those writing these posts) are not listening to the content-creators or other average users of the site. No fake onboarding plans will have any effect until that changes.

на жаль модерація племен є різновидом ксенофобії. Пошук однодумців робиться дещо інакшим алгоритмом

I said it earlier in an open chatroom yesterday and here it is again!

![](https://cdn.steemitimages.com/DQmQft4sAfJ4VFTPkJbaSijYxX7Hq4w9yVK6Qrc1pCdNxZ6/image.png)

https://www.youtube.com/watch?v=19hQe-NX7nk

That was great idea!

While everything said in the article is true, it does not cover the most important element SMTs bring. SMTs will not only be created by companies for their specific community or Dapp, they will also be created as currencies, which don’t have an associated Dapp but can be used in any of them (if implemented by the devs) or outside of them in normal life (like bitcoin or usd). 

Additionally these currencies may choose to reward some users for some actions, so it’s a controlled inflation. A creator of an SMT can play the role of a central bank, where he chooses the rules of inflation. Instead of only enriching the government, inflation can become a way to incentivize productive behavior. 

Of course it would be extremely hard to create such a currency. But I expect these currencies to be created with all kinds of rules, in a random manner. The bad ones will fail, the good ones will survive and grow in adoption. 

Only time can tell what kind of super currency can emerge through that process, and if a proof-of-brain model that helps spread a currency even exists.

If it does, then it’s going to go big, very big.

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I justo want to say: WOW!

I personally dislike the Proof of Brain concept as it suggests a system of rewarding the intellectually superior, this is no better than favouring the financially superior.

My preference would be Proof of Integrity or Proof of Effort.

Beat wishes with the project however. As a simple 'user' who enjoys being on this platform, I will simply continue regardless of the changes and see what happens next.

I would just like to say thank you though to all the creators and developers at Steem and wish you all every success no matter what the future holds.

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It'll be interesting to see how the new code base works when rolled out to the entire platform, and how communities and SMTs will compare to tribes and Steem Engine tokens.

I have an idea I would like to hear feedback on from the community because I have not truly thought through all the pros and cons.  We all want Steem to increase in value. I have heard the high inflation rate scares off many investors. This forms the basis for my idea below.

Once SMTs are released, I propose dropping the inflation of Steem to something reasonable. For the sake of argument, let’s just say 1-2%. There would be no steem reward pool. Inflation would go to current Steem Power holders, the SPS, and witnesses. People would still earn crypto by posting, it would now just be in the form of that community’s SMT and their own reward pool. 

Since RCs would still be needed, people will need Steem to interact with the blockchain, creating buy pressure (finally). dApp creators could buy the Steem and delegate those RCs to their users and the dApps could earn revenue from ads, etc. ... something like that. Or users with RCs could earn passive income through delegations. Maybe this is how Steemit Inc could keep their Steem and earn the necessary money to stay in business. Rent it out. 

I do not have the details worked out obviously but to me something needs to be done about the price of steem. I know I am stating the obvious here. @aggroed wants more ways to burn steem. I say lets consider burning future Steem by reducing inflation. With SMTs, do we need to keep printing Steem at the rate we are? It seems unnecessary and a pain to police.

Going away from the current Steem reward pool also might solve another problem. Starting with a new SMT community would reset the playing field so to speak, decreasing the importance of the premined stake, etc. I know communities are already doing this. This would just be doing it for specifically for Steem as well.

Thoughts on this brainstorm from my phone? I am sure there are major problems, but let’s stsrt the conversation from here.