Viewing a response to: @the-alien/smart-media-tokens-introducing-the-game-changer
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?
| author | chitty |
|---|---|
| permlink | re-the-alien-smart-media-tokens-introducing-the-game-changer-20170929t131134677z |
| category | smt |
| json_metadata | {"tags":["smt"],"app":"steemit/0.1"} |
| created | 2017-09-29 13:11:36 |
| last_update | 2017-09-29 13:11:36 |
| depth | 1 |
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| cashout_time | 1969-12-31 23:59:59 |
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| pending_payout_value | 0.000 HBD |
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| body_length | 167 |
| author_reputation | 86,901,300,608,582 |
| root_title | "Smart Media Tokens: Introducing the Game Changer" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 16,277,583 |
| net_rshares | 0 |
You mean the SMT token right? Not STEEM?
| author | the-alien |
|---|---|
| permlink | re-chitty-re-the-alien-smart-media-tokens-introducing-the-game-changer-20170929t193136803z |
| category | smt |
| json_metadata | {"tags":["smt"],"app":"steemit/0.1"} |
| created | 2017-09-29 19:31:36 |
| last_update | 2017-09-29 19:31:36 |
| depth | 2 |
| children | 3 |
| last_payout | 2017-10-06 19:31:36 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
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| body_length | 40 |
| author_reputation | 251,563,251,411,297 |
| root_title | "Smart Media Tokens: Introducing the Game Changer" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 16,310,061 |
| net_rshares | 0 |
Yes, people selling the token to the MM, the Steem Reserve could run out and the token will no longer have "backing" ?
| author | chitty |
|---|---|
| permlink | re-the-alien-re-chitty-re-the-alien-smart-media-tokens-introducing-the-game-changer-20170929t194122119z |
| category | smt |
| json_metadata | {"tags":["smt"],"app":"steemit/0.1"} |
| created | 2017-09-29 19:41:24 |
| last_update | 2017-09-29 19:41:24 |
| depth | 3 |
| children | 2 |
| last_payout | 2017-10-06 19:41:24 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 118 |
| author_reputation | 86,901,300,608,582 |
| root_title | "Smart Media Tokens: Introducing the Game Changer" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 16,310,718 |
| net_rshares | 0 |
I'm pretty sure that they are limits to how much currency you can create (not Q.E infinity lol) in the white paper there was nothing to indicate that that you could create an unlimited supply, but rather you have to set the limit according to certain parameters, which on their turn correlate with the initial value of the SMT in relationship to STEEM... I could be wrong, but this is my understanding as of now.
| author | the-alien |
|---|---|
| permlink | re-chitty-re-the-alien-re-chitty-re-the-alien-smart-media-tokens-introducing-the-game-changer-20170930t004800324z |
| category | smt |
| json_metadata | {"tags":["smt"],"app":"steemit/0.1"} |
| created | 2017-09-30 00:48:00 |
| last_update | 2017-09-30 00:49:06 |
| depth | 4 |
| children | 1 |
| last_payout | 2017-10-07 00:48:00 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 412 |
| author_reputation | 251,563,251,411,297 |
| root_title | "Smart Media Tokens: Introducing the Game Changer" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 16,329,608 |
| net_rshares | 0 |
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