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Explainer: Value Flows on Steem with SMTs [VIDEO] by ned

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steem · @ned · (edited)
Explainer: Value Flows on Steem with SMTs [VIDEO]
Hey guys check out my new video talking about the economics of Steem with the advent of SMTs. Be sure to leave comments and tell your friends!

SMTs...
1. increase demand for STEEM as the blockchain's bandwidth token
2. attract new capital to the ecosystem with ICOs
3. tie up STEEM supply with Automated Market Makers
4. create new utility for STEEM with Influence Sharing
5. become a big part of "Steem: the world's advertising network"

https://youtu.be/dJpqb1VHbM0

And I'm going to be taking more questions and doing more videos - so watch this too and be part of the next video

https://youtu.be/USflDT0wOl4

And stay tuned for a 6th value proposition of SMTs: The value of more decentralized and capitalized organizations on Steem
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 872 others
👎  ,
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vote details (938)
@aadarshpahilani · 
nice post
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@abh12345 · 
One company at a time right @ned  :D

https://steemit.com/smt/@abh12345/smt-for-the-attention-of-vango-com
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@abkktk · 
Even if it is, who cares about 20% if this is the way to increase Steem value by thousands of %.
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@acedawnmusic · 
Great work. Thanks. :)
I'm optimistic. Steemit is a beautiful idea and already my top choice in social media. Steem is looking good and I also think SMT will do a nice bonus.
The atmosphere within the community is awesome.
Steem on . ;)
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@adir27 · 
Amazing
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@ajaysuresh · 
Osm
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@akkha · 
Great !
What will be the marketing plan to increase demand of steem and boost steemit ?
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@alamin7 · 
Great post bro.Go ahead
👍  
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vote details (1)
@alexmavor ·
$0.57
@ned wish I had been there for the moment you realised you were sitting on all of this untapped potential...

Best of luck for the future, make it happen.

Alex
👍  
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@alif01 · 
Helpfull post and videos.. thanks for sharing
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@amitraj · 
😀😀😀😀
👍  ,
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@amittirkey · 
thanks for the information brother!!!
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@andresfnl · 
Thanks for the clarification @ned!!!!
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@anforo ·
$0.21
I'm looking forward to see the first SMT coin on the market
👍  
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@angel35mm · 
Thanks! I look forward to the continued development of the SMTs.
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@anita282 · 
wow good video.

https://steemit.com/photografi/@anita282/4yx8pb
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@annalou · 
this video is so much helpful special on us as  newbie on this kind of platform..thank you very much sir for sharing.
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@apvlog · 
What about newbies
https://media.giphy.com/media/qr6OTqS3vaBnq/giphy.gif
👍  , ,
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vote details (3)
@arcange · 
Congratulations @ned!
Your post was mentioned in the [hit parade](https://steemit.com/hit-parade/@arcange/daily-hit-parade-20171002) in the following categories:

* Comments - Ranked 1 with 274 comments
* Pending payout - Ranked 1 with $ 1500,93
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@arquiatra · (edited)
$0.06
I am relatively new in this community, I have very good expectations and although my progress has been small, I am happy because I see that there are tools that will allow me to grow, although I must confess that it costs me a little to understand all this about Value Flows on Steem with SMTs
👍  
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vote details (1)
@bashadow · 
I still wonder if SMT are going to end up being something like S&H greenstamps, You collect and collect and only have one place to spend them., at the creator's site.
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@cryptocruisin · 
Exactly, nobody is questioning why these SMT will have any value. Good ICOs offer a token that will have future utility eg. purchasing storage (siacoin) or computer processing power (golem) or advertising (BAT). This utility combined with scarcity give the tokens value. Is the idea that media companies with their own SMTs would allow you to purchase subscriptions or something with the SMTs that you earn??? That seems like a pretty niche market.  SMTs have to be something that rational people will spend real money on otherwise the whole idea is going to fail. So far nobody has explained why these SMTs would be worth anything.
👍  
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vote details (1)
@berniesanders ·
$1.23
I'm really disappointed your hair isn't looking as dapper as it used to @ned.  Please fix this.
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
👎  ,
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vote details (62)
@brensonttt ·
$0.51
Bernie, why are you so angry? Dan is coming! 
https://steemitimages.com/DQmUyzLcSghBQJjupAGJ7YJULhJUCxBzNspzLAmv2JLm94A/dan888.jpg
👍  
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@berniesanders · 
OMG that's fucking hilarious man.
👎  
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@romanskv · 
![dansteemr.gif](https://steemitimages.com/DQmPXdVKddyDd43b4FZruhAxkfuCeFnMRYHy3pMBzBXcrZ5/dansteemr.gif)
👍  
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@stellabelle · 
this is beyond scary...
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@tuck-fheman ·
$0.02
i can't stop looking at it.
👍  
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@littleboy · 
Burnie's bot army vs @destbest

Destbest wins.

![](https://steemitimages.com/DQmQ6bHoTrqRfvnKneB2iBpu3zLo3yWEZCN6nvDeYEhJJb3/image.png)
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@berniesanders · (edited)
edited: misunderstood
👍  
👎  ,
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@nippel66 · 
Hahaha good one @berniesanders 😅
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@bestdelwar · 
bengali umm no
👎  
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vote details (1)
@bigbear ·
$0.52
Ned all I would like to say is thank you.  It is so wonderful to be on steemit as it is making my and my husband @methusalem life better.  We are pensioners and the money we make here just help us over some stubleblocks as the pension stay the same but life is getting more expensive. So thank you from both of us. Another thing is that we are using our brains again, we sort of stagnated until you came along. We are thinking and keeping our brains going like young people again.
👍  
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vote details (1)
@binarybits ·
$0.04
Well HELLO @misterdelegation

:-p
👍  , ,
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vote details (3)
@bitcoinparadise · 
1. How will all of this affect the scalability on Steem?
2. What steps are being taken towards malleability and security with SMTs?
3. Will witnesses need to maintain a price feed for SMTs? How exactly is that part going to work?

Great job on the economics of SMTs. Lots of work to be done. Wish we could send you guys some insomnia cookies again :P
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@blazing · 
This was much needed after the announcement finally glad to find out many answers thanks for sharing :D
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@blockrush · (edited)
hello @ned, i wrote a feedback for the #SMT > https://steemit.com/smt/@blockrush/comprehensive-feasibility-studies-of-the-smart-media-tokens
👍  
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vote details (1)
@bosssteemit · 
Nice Post.
Thank For Share.
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@braxton101 · 
It seems to me like SMT will be better then EOS.
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@braxton101 · 
I can honestly not wait to see the progress of this coin!!
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@break0 · 
nice community and nice post. :)
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@btcmillionaire ·
$1.02
Ok I am definitely sold on the idea. Has there been discussion with the first groups/people who will use the SMT's? 

All examples you give seem really exciting but would love to know if there are people on board to create the first SMT disqus for example (which would be awesome)  or SMT ICO.

Also how big is the team behind it all, as I imagine this is going to be a lot of work!
👍  ,
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vote details (2)
@capella02 · 
So interested...
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@captainobviou3 ·
$0.22
Boom goes the dynamite!
👍  
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vote details (1)
@caramaybell · 
I'm a believer :)
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@charles1 · 
This is amazing and I am all for it including promoting it in all social media platform . Thanks for writing a post on SMT which motivated me to write my latest post on how Steem will be EOS and Ethereum killer-I cited you there, pls feel free to see it. Wish you more success.
👍  ,
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vote details (2)
@christ2169 · 
Im glad i join steemit ...
More to come i think....
👍  
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vote details (1)
@cloudspyder · 
I beleive steem become a ETH killer and not EOS, since EOS is ETH token based. Its not going to replace its mother.
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@coinlend ·
$0.63
good to know!
👍  
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vote details (1)
@craigcryptoking · 
Awesome awesome awesome, truly exciting times ahead. Nice post @ned Cheers ;)
properties (22)
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@crypto.tickets · 
Hi! I represent the official ICO bounty program https://crypto.tickets.

We really like your activity on Steemit and I want to invite you to our automated Steemit bounty program.

You can get Stakes easily for every repost or post.

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Please, let me now about your decision in return message
👍  ,
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vote details (2)
@cryptocruisin · 
Why would I want to buy a SMT? I get that I could earn it for participating in a community. In order for it to be worth anything someone has to be willing to buy it. If it doesn't represent a claim on anything and it can't be used to pay to use a decentralized network (as steem is for bandwidth or ethereum is for gas) how can it have any value?
👍  
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vote details (1)
@cryptoctopus · (edited)
$3.64
With so much uncertainties regarding the legality of ICOs in certain countries, what does it look like for the future of SMTs in your opinion? Also...when are you going to update the bluepaper to include the link to smt.steem.io? 

![Southpark.png](https://steemitimages.com/DQmYp5Q46ZRNcpbbzhLdyMjKKCJRxdVD3ZLsEh6ivpvWrd1/Southpark.png)
👍  , , , , , ,
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vote details (7)
@dana-edwards · 
The countries where ICOs are completely legal can take full advantage of SMT features right away. It's the countries like the US, China, South Korea, that have to be aware of the legal challenges.
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@jasonrussell ·
$0.04
Phase 1 ....Collect underpants....

Phase 2..... ??????

Phase 3..... Profit
👍  , ,
properties (23)
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vote details (3)
@stellabelle ·
$0.13
what we are all wondering is this: How will the SEC treat Smart Media Tokens? Will releasing them into the wild bring more scrutiny to the Steem ecosystem? This needs legal attention obviously.
👍  , , ,
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vote details (4)
@dana-edwards · 
I wondered this as well. It seems US users will only be able to use SMT capabilities in limited US specific ways unless they are a big enough company to hire the right lawyers like Kik for instance.
properties (22)
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@everybitmatters · 
You won't have to worry about the SEC in a couple of years. The US is based on a ponzi scene and will burst eventually and cryptos will only hasten the default. And why should ANYONE especially the government have any say on how you spend or invest YOUR money? Just my two cents worth...
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@oldtimer ·
$0.02
If they spent four months on this, I'm sure they address this aspect carefully.
👍  
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vote details (1)
@cryptoinvestinfo ·
$0.08
Nice post thanks buddy!!!!
👍  
properties (23)
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vote details (1)
@cryptoinvestinfo ·
$0.07
Nice post, thanks buddy!!!!

Keep it up

 Also upvote and resteem! :o) 

 https://steemit.com/@cryptoinvestinfo 

 @cryptoinvestinfo  

your CryptoInvestmentExpert 

Basti
👍  
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vote details (1)
@cryptomaker · 
Great job
properties (22)
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@cryptonewslight · 
Great info see Steem been the best social media ever with this project and control the global social market capital. 
@ned feel this is the right project At this time
👍  
properties (23)
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vote details (1)
@cryptoozzie · 
I'm basically buying more every week and plan on continuing to do so while the prices are at these levels has amazing potential!!
properties (22)
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@cryptorealtor904 · 
I'm new to Steemit, so forgive my ignorance, but if I post anything on Steemit, can that also be shared on any of my other social media sites such as twitter, facebook, etc...?
properties (22)
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@cyberblock · (edited)
$0.26
The real power of this creation could be in its ability to be distributed faster than any other system before. I understand what Ned is doing now, I support you 100%
👍  , ,
properties (23)
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vote details (3)
@dana-edwards ·
$1.63
I'm impressed. This is a very good start and now how to encourage businesses to actually launch these ICOs and how do you expand on this? It's a nice idea indeed and maybe some additional features should be discussed.

For example what about interest or dividends on holding certain tokens if the ICO launcher decides to do that? Is it possible for stakeholders in these tokens to over time functionally become the equivalent of shareholders who receive dividends? 

What is the pitch to get people to park their wealth?
👍  , ,
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vote details (3)
@darkerhorse · 
lets hope for the best for smt and steem
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@daudimitch · 
The fives points are solid drivers, I just wanted to add that the contract should have lock-in periods as to safe-guard against flips of price that may occur as a result of ICO's. On the legal side, have you guys sorted out any of the legal jurisdiction technicalities that may arise? I believe its important to show from your end, that you are actively trying to regulate on your end...As a way of protecting customers interest that may participate in these ICO's, I am suggesting that the contract have lock-in periods where funds can then be release base on targets being reach....while this may sound technical I believe that the Proof of Brain concept can work here, as the population who participated in the ICO gives the go ahead to release funds base on the progress of the ICO's, this would help with accounting and would protect yourself from regulatory pressure, as funds are gradually release base on investors consensus and happiness of targets being achieved...well I hope my "two cents" make sense and if you need further clarity please let me know
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@daudio · 
Thank you @ned
You are the Steve jobs of our generation.
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@davidkaruah · 
Hi @ned Steemit CEO i am glad to learn of the new Smart Tokens SMTs value flow on Steem indeed sir this is a good move on this platform as a Blockchain Network and perhaps now i can see the future is on Steemit as a social media with a difference since SMTs have quiet a number of advantages of which will transform Steemit and bring about it's revolutionary to the world in this day and era,lastly thank you sir for your post and keep posting more of this informative video post @ned blessings.
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@daydreams4rock · 
when will SMT be starting ?  i would like to create a token that funds carbon sequestration by planting trees on over grazed agricultural land to reduce global warming - am looking for people who understand how to launch a SMT and make it a fun and viable platform ... i am a horticulturalist and seek to improve the biodiversity and ecology on all continents. Thanks to people who want to help.
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@decentropia ·
$0.34
Great explanation and discussion on SMT. Adoption and transfer take time, in 2016 Feb, LTC was $1.25 and June, 2017 LTC was $50. 40 times up-valuation.  Once STEEM is widely distributed and weak hands are gone, STEEM will be one of the top five crypto. It is one of the cryptos that already has high utility.
👍  , ,
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vote details (3)
@vexdz · (edited)
So Kyc  is ideal to know where innacuracy of facts. Lets use this to try and fix the next election.  2 billion spent. Imagine that spent to buy voters. To do that campaigns buy steem and people get paid for participation. ?
👍  
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vote details (1)
@dennisbak ·
$2.12
https://media.giphy.com/media/m1Hc32qayJh7i/giphy.gif
👍  , ,
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vote details (3)
@dianclasher · 
good work @ned
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@dianna1 · 
like like
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@dksart · 
How is this different from what Bitshares (BTS) and EOS will be doing?  Cant you already create your own tokens on the bitshares exchange and wont you be able to do the same on the EOS blockchain network...?
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@dkulik77 ·
explainer-value-flows-on-steem-with-smts-video-ned-1507035254078
+
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@donkeypong · (edited)
$4.35
These ongoing explanation videos are very useful for the community. SMTs are a simple idea, yet they have so many different facets and potential uses. I've enjoyed seeing the light bulbs go off in peoples' minds as they grasp all of the implications.
👍  , , , , , , , , , , , , , , ,
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vote details (16)
@littleboy · 
The idea is simple but the whitepaper isn't. I read five pages and my brain started shaking.
👍  
properties (23)
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vote details (1)
@droucil · 
haha, yeah not my thing either. Maybe they'll make a blue paper for this as well eventually ;)
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@dontstopmenow · 
Hi @ned

One question for your next video:

I haven´t finished reading SMT whitepaper yet... so mind if the question is silly.

I would like to see SMT being applied to Soundcloud. It would give us Soundcloud users the possibility to "tip" the artist we like straight from our wallet into his/hers. With nobody in the middle, straight fair and transparent transactions to support the artist we like. 

Would that be possible? 

Thanks a lot for your time!!
👍  
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vote details (1)
@evidenceoflife · 
This is very interesting idea. I would like to know the answer too
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@xoni · 
@dontstopmenow Something like this :) https://dsound.audio/
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@dontstopmenow · 
Yeah but applied on a mainstream music platform like Soundcloud, SMT could open the eyes of millions of people that are still unaware of the blockchain technology and cryptocurrencies.
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@drpuffnstuff ·
$0.07
Thanks for the added clarity. the SMT vision is still fuzzy to me, but I can tell you see it! Keep up the good work, any update on communities?
👍  ,
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vote details (2)
@dv8 · 
Is Steemit with it's SMTs just a grand experiment for EOS Store? I wondered: 
https://steemit.com/steemit/@dv8/conspiracy-theory-speculations-and-competition-could-steemit-and-social-media-tokens-be-eos-grand-experiment
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@ebryans · 
Tweeted today - this is a game-changer for on-line media asset owners.
https://twitter.com/edward_bryans/status/914962220169101312
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@eco-alex · 
woah! this is amazing in so many ways. Thanks for taking the time to explain this to us, and the great potential it hold for us. No better time to buy Steem than now!!!
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@ejemai · 
I just want us to get to using SMTs, because I see nothing but the great potential it comes loaded with. Every time I hear SMTs, a dozen lightbulbs just go a dancing in my head.
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@elementm · 
Hi,  what impact (if any) would SMTs have on Golos? I'm not very cryptosavvy so I'm never sure if I'm coming to the right conclusions after announcements like these.
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@andrarchy · 
The Golos people cloned Steem. In other words, they have their own cryptocurrency that has the same properties as Steem, they have their own set of witnesses too. So SMTs may very well have zero impact on them because they can continue operating as they are now. If they wanted to experiment with offering different tokens to their users or integrating tokens into sub-communities (if they have such a feature) they could use SMTs to accomplish that.
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@elementm · 
Okay, I think I understand. Thanks @andrarchy 👍
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@ergiegonzaga · 
dear @ned, sir you always decline your payout, can you please just gave it to me :) , or just upvote my post, thank you in advance :D. P.S steemit beginner here.. I will return the favor to others. 
https://steemit.com/art/@ergiegonzaga/black-and-white-anime-drawing
properties (22)
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@everittdmickey · 
[long tail...we ain't got one](https://steemit.com/smt/@everittdmickey/smart-media-tokens)
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@everybitmatters · 
I just recently heard about SMT's and your video helped a lot to educate me. But as has been mentioned before, a lot of established companies are still afraid of ICO's. So how in regards to educating them to pony up the money are you going to promote them? I have enough trouble explaining to my friends what the hell digital coins are.
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@evidenceoflife · 
thanks for clarifying! happy to be a part of this community
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@ew-and-patterns ·
$1.71
1. What is the process (what needs to be done) for a company to launch a specific ICO for their blog or project or whatever?
2. Are there already requests from interested companies lined up?
3. Are you advertising SMT's on other platforms like facebook/twitter/newspapers? 

Theese questions may be stupid, if they are answered already in your whitepaper which I did not read...
👍  
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vote details (1)
@fakharuddin · 
bro plz help me and vot
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@fedesox · 
Very excited about the months and years to come, I'm happy to be part of this project as a early adopter.
Steemit could easily be one of the best realities in future's social media.
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@filipinalife · 
##### good idea.. I will put videos in my next post since i have youtube channel also..
👍  
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vote details (1)
@fredrikaa · 
Thank you for taking the time to post this video.
I think to a lot of people it appears as if STEEM is being printed out of thin air as they observe posts getting rewards and the volume of STEEM growing. So I can perfectly understand how some might come to think that while the idea of a blockchain-based media is great, that the value of holding STEEM is not too good.

It will take people some time to realise the opportunity having a fair amount of STEEM really provides in this new eco-system. Good for us who are still working to accumulate though ;)
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@oldtimer · 
Better hurry up.
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@fredrikaa · 
Working on it ;)
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@fredrikaa · 
What do you think will give new tokens created on the STEEM Blockchain their value from the point of view of the person earning it through comments on a newspaper or forum that implements its own tokens?

Do you see Newspapers offering subscription services in exchange for a certain number of tokens to reward positive commentators? Or what other ways will there be sufficient demand for a new token, also in a small new ecosystem that implements the SMT, to make it desirable to actively comment and curate to obtain it?
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@fulltimegeek · 
Which SMTs do I need to buy for you to follow me on twitter?
👍  
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vote details (1)
@funkit · 
I have a few questions:

What?
Where?
When?
Why?

And finally:

How will it influence?

Will smt be tradeable on the internal market?

How will it affect world domination, or to be specific: onboarding of developing countries?
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@g-mor · 
So lovely , i love what it brings
>increase demand for STEEM as the blockchain's bandwidth token
attract new capital the ecosystem with ICOs
tie up STEEM supply with Automated Market Makers
create new utility for STEEM with Influence Sharing
become a big part of "Steem the world's advertising network"
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@gkumar · 
The CEO of steemit platform getting more fame and be a person of heart touching due to adding new better more features to make this platform number 1 among others.
Everythings gonna be fantastic
Awesome
:)
Upvoted
👍  
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vote details (1)
@gonzo · (edited)
$0.56
**@ned,I kept hearing gunshots during your video,  
so I guess my only question is:**

**_With all that gunfire happening in your living room, 
what are the odds of you surviving until SMT's launch?_**
👍  ,
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vote details (2)
@greenman · (edited)
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vote details (8)
@droucil ·
$0.18
What are you supposed to advertise, yourself xD?
👍  ,
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vote details (2)
@greenman · (edited)
$3.42
trying to get folks to understand cryptos like in this post: https://steemit.com/bitcoin/@greenman/all-cryptos-are-the-same-and-you-need-to-get-in-now-because-they-are-extremely-low-priced-for-the-invention-of-computational
👍  ,
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vote details (2)
@edwinjurado ·
$0.18
very good
👍  
properties (23)
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vote details (1)
@rawdawg ·
$0.18
Can Rawdawg have some love just because he's Raw and he's a Dawg?!!! :)  :)
👍  
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vote details (1)
@stellabelle · 
I so want to flag your comment....but....nah, it's just a passing urge....
👍  , ,
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vote details (3)
@greenman ·
$3.64
Play nice...here I will give you some love...
👍  ,
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vote details (2)
@trumpman ·
$0.99
Can I have some love too? :P
👍  
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vote details (1)
@gudtalent · 
Seriously, i'm new here and still trying to understand how the Steem system works
👍  
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vote details (1)
@curtiscolwell · 
Yeah, it's not obvious, but basically reddit, except everyone using it gets a share of the profit. I think it really relies on advertisers and applications (steemit, dtube, etc) to create the value that is shared.
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@hakeemshah96 · 
Nice To Hear That From CEO It will help For Better Future Of Steemit Thanks For Sharing That Make Sure To Follow Me I will Follow You Back Thanks @hakeemshah96
properties (22)
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@hanshotfirst ·
$0.11
I need these kinds of videos to explain the angles I miss on my own. Knowledge is power. Thank you for providing this. Please keep them coming!
👍  ,
properties (23)
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vote details (2)
@nejc1107 · 
Another bossman
-

@ned you should most definitely check this individual, he is doing some really wonderful job for this community!

Great job @hanshotfirst 👊
properties (22)
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@happy-goldberg · 
i know from the videos that SMT will make me money. but where can i invest?
properties (22)
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@hasanlk · 
nice
properties (22)
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@hasnat11 · 
its a very good idea
👍  
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vote details (1)
@hatemelpop · 
Great post friend 👍
properties (22)
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@hiroyamagishi ·
$0.50
Steem to the moon!
👍  
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vote details (1)
@imwatsi ·
$0.04
Thanks for explaining further. From what you've said, I would say that going forward, a lot more STEEM will be locked up and powered up way more than will be liquid. STEEM will have lots of holding value.

When you speak about the way in which people will be able to promote posts, you mention buying/renting Steem Power to get posts to the top.

When SMTs are adopted and really start getting used, to live up to the definition "Steem — The World's Advertising Network", won't we need a robust promotions platform for internal promotion on Steemit? Sort of like the Facebook Ads manager, but it's not ads but promoted posts that we pay to make visible. I am aware that we also don't want to ruin the reading experience and make it feel spammy. Will there be a way to get a post in front of people, in a defined target audience? Maybe a list of promoted posts below a post, related by  tags and other targeting like geo-location? Or a way to promote a community when people are browsing through communities? Do you have plans for such a feature, on Steemit?
👍  
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vote details (1)
@imwatsi ·
$0.05
A lot of people here are worried about the promised upgrades to the UI/UX and the communities feature (myself included). I would be grateful if you could give us an update and possibly a timeframe for these changes. It seems as though people are interpreting this move as though you have sidelined Steemit.com and are focusing on SMTs. Your feedback will be very much appreciated. **I personally would love it if we can get a new UI very soon, with communities, even if the mobile apps come out later this year. At least we will have the UI that will also be in the apps.**

There's also a lot of attention being attracted by SMTs and as people come to look at the flagship product (Steemit.com) as it is now, I don't think it paints an assuring picture for potential investors and users. I think we should get the UI/UX changes through ASAP.

***Great work on the SMTs!! This will just make Steem dominate the internet!!***
👍  
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vote details (1)
@n-ur · 
have you tried busy.org?
properties (22)
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@inventor16 · 
https://steemitimages.com/0x0/https://steemitimages.com/DQmNaxCr3HFYYr3TDKpkJx6iYbYPNLHpLPwezBmpfep48We/STEEM%20MOON%20TIME.JPG
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@irfanmufid · 
nice post bro,

follow and upvote me to. i will do the same.
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@jamjamfood · 
Sounds pretty good. You have me on your side. 😊👍😊
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@jayantihaldar · 
Thanks Your post
properties (22)
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@jeetendra · 
Totally a question out of text: If active users around Steemit increases to a million in a months time period, will that bring a bigger value to steemit dollar?
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@jiehasand · 
great explanation for me.. thank you 💙💎
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@joshuatucker · 
I have had concerns about Steemit and it's future, which have now been confirmed.  My friend built up her science-themed account to $100+ per article, with a reputation of 65ish, and an individual with clout has killed her account.  It went to 0 reputation, she got help from various individuals who brought it back up to a 38, and now it's at -2.  

Asshole killed her account.   

Steem can never grow to mass market appeal when authors/publishers have no protections nor recourse against this kind of abuse.

I sure as hell am not going to put in time and effort and investment into that kind of system/ecology.
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@joshvel · 
That is a great move sir @ned...God bless you more.
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@journeyoflife · 
In the long run, I see Steem having a lot of potential. This will be a great expansion for the platform. WOrking beyond limits, i like that
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@jovi · 
Damit! I missed the love gift 😞😞
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@jrbo · 
[SkyWay pre ICO](https://skywayinvestgroup.com/en/?ref=0435900602267903&shr=17146865) Best business 2017
👎  ,
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vote details (2)
@jrcornel ·
$0.49
I had been wondering exactly how Steem would be tied to SMTs. Thanks for putting out these videos to help explain it all. 

Also, thanks for your team's hard with all of this. You guys are doing a great job and probably don't hear that enough!
👍  
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vote details (1)
@jsantana · 
Looking forward to it.
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@justdentist · 
Boom! Thanks @ned! It looks like an awesome future for Steemit. I'm happy to be part of this community so early:)
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@jwolf · 
I would love to watch a video about your plans with @misterdelegation account.

I would love to see a progress with Steemit.com 'the platform' & with 'sign up' process. 

If this won't happen soon people will watch steemit as everything else but not as a social media platform.
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@keks ·
$0.03
when will the roadmap of Steemit and other apps e.g. mobile app for iOS.
👍  
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vote details (1)
@kenhudoy · 
excellent post from the innovator himself... @ned this SMTs is giving us in steemit a good vantage position as i know very soon when all kicks off, we that has been here earlier will enjoy the growths this concepts shall bring... thanks for all your efforts and we look forward to more updates...
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@kennyroy · 
#### wow.. thank you so much for this very informative!!!
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@kestrade · 
wah I am interested to wait for the development of this,
and I will tell my friends about this very valuable information
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@kevinwong · (edited)
$5.34
I'm thinking about SMTs for individuals as it seems to be the most fitting solution with the right kind of features (Steem users will understand). Everyone should have their own currency as we all have our own web of interactions / communities. Is it feasible to have individual tokens be the gateway to one's offering of goods and services? The nature of these tokens will mostly be infrequently traded and will occupy the long-tail, which is why the market maker / taker mechanism presented in the whitepaper shows that the network will be capable of making SMTs as widely adopted as smartphones. Anyway, what are your thoughts about this? Best practices, token initialisation ideas, etc. Planning to spend lots of time exploring the possibilities of SMTs as I think there's great potential here beyond the current publisher / creator marketing angle on the SMT website. Great work on the whitepaper by the way!
👍  , , , , , , , , ,
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vote details (10)
@jasonrussell ·
$0.33
Everyone has their own coin?! Corporations? Individuals?  This is genius!
👍  ,
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vote details (2)
@kevinwong · 
What else other than a platform which allows everybody to easily run their own social currencies / communities along with others ;) lol
properties (22)
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@kid4life · 
![maxresdefault.jpg](https://steemitimages.com/DQmTNCsG8M3WjoU8pXUZktsVGnsPeFKwE3BzLTfysjJo4Ce/maxresdefault.jpg)

***Mahh Man @ned!***
--
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@kuku12170 · 
wow
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@lahcen80 · 
You have a lot of awesome posts, but this is by far one of your best ones man. I needed this one today! Thanks.
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@letsmakes · 
wow grate post ....i like this..
i have some post .....you can check 
here @mrs.roy
properties (22)
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@linegod · 
If you slam enough words together, you might end up convincing yourself.
properties (22)
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@linkdead13 · 
this is a bit easier to wrap my head around than the white paper. With that said thank you for these.
👍  
properties (23)
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vote details (1)
@lopezdacruz · 
video ini sangat informatif sekali,
sangat disayangkan tidak ada orang indonesia yang menerjemahkannya untuk saya, bahasa inggrisku sangat kacau ... wkwkwkwkwk
properties (22)
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@lukestokes ·
$7.28
Great explanation for where value might come from into the Steem ecosystem. Thank you.

Question: What if we build an amazing mouse trap, the best one that ever was, and still no one shows up? BitShares and STEEM are incredible blockchains from a technical perspective, but the value of their tokens and their overall usage as a DEX or Social Media platform don't seem to reflect that reality. What are your concerns related to this and SMTs? If you build this amazing thing, how will you promote it? How will people like The New York Times take you and the STEEM blockchain seriously enough to try it out? So far, the marketing efforts of Steemit,inc have been a bit ad-hoc, so I'd love to see some solid plans here or maybe even some signed contracts with some big players to launch this with once it's ready. Is this being done behind the scenes?
👍  , , , , , , , , , , , , , , , , , ,
properties (23)
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vote details (19)
@curtiscolwell · 
People showing up is going to take some serious platform development in my opinion.
properties (22)
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@everybitmatters · 
I agree, without any real effort to promote Steemit what value will come of it? It's like when I talk to my friends about Bitcoin or any altcoin they just stare at me.
properties (22)
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@luzcypher ·
$0.20
I agree with many of your points. 

In my view, Steemit is not really ready for mass adoption.  For every 10 people I have signed up to the platform only 1 or 2 actually post consistently. The rest just quit claiming it is too complicated to use. This is actually not a bad retention rate when you condider the [1% rule](https://en.wikipedia.org/wiki/1%25_rule_(Internet_culture))  of thumb pertaining to participation in an internet community.

The user experience on Steemit is not geared towards mass adoption as of yet. For a content creator like myself I love the platform and will continue using it, but to talk of taking it to the masses in its current form is laughable. 

*What good does it do to bring it to market if the majority people who sign up don't do anything with it?* 

All this would serve to do is create 9 out of 10 dissatisfied users spreading their negative reactions to signing up. It need more work prior to bringing it to the masses.

Still, the platform has been doing incredibly well and the users that do genuinly get involved create some great content and communities within the platform are growing organically. Yet, relatively speaking, most people online are content consumers, not creators. This has been the case since the internet was created and I don't see it changing just because Steemit came along.

The protocol of Steemit is a very unique way to reward an online community for content creation and for engaging with the community and the prospect of adding those capabilities to other websites with the use of SMT's is a step in the right direction regardless of the current government pushback on ICO's. 

This could bring more awareness to Steemit and cryptos in general to a lot more people through their exposure of getting rewarded on sites they currently engage with as those sites begin to implement SMT's and as a result it should be good for Steem holders.

I'll be watching these developments closely.
👍  
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vote details (1)
@mdf-365 · 
Great line of thinking and questions...I hope we get some indications soon
properties (22)
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@unlockrs ·
$0.81
properties (23)
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vote details (3)
@luzcypher · 
I'm very excited to see how SMT's will roll out and the way other websites respond to it.

In a [post I did about the SMT announcement](https://steemit.com/steemit/@luzcypher/smart-media-tokens-could-bring-mass-adoption-to-steemit-allowing-anyone-to-launch-their-own-coins) you made last week @ats-david asked me a good question that I would like to ask you about.

>What about the recent trend of governments cracking down on ICOs and exchanges?

How do you plan to address this? If hundreds of websites begin issuing SMT's on their websites, some of those players are bound to have questionable purposes that could attract government intervention.

Since these SMT's are backed by Steem this could lead to some unwanted consequences for Steemit.  What legal exposure would this have for the platform?
properties (22)
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@madhushiva · 
Based on the many comments from Steemit, Inc. personnel over a period of many months now, development of Steemit.com seems to be an afterthought. They stated a few months back that Steemit.com will only be "just good enough." And recently on Steemit.chat, @sneak stated that backend development is the priority for the foreseeable future.

Simple features and functionality that have/has been requested by users since last year continue to be disregarded in favor of half-developed ideas and changes to blockchain protocols that drastically change user behaviors. Some of these blockchain protocol changes haven't even been requested by users or developers - they just happen to be related to Steemit, Inc's plans for future development, which is the exact opposite of decentralization.

The real issue, though - as I have stated before - is the constant conflation between Steem the blockchain/platform and Steemit, Inc., the company that owns the social media site: Steemit.com. When development of the website doesn't happen and the company that owns it continues with hardforks and other backend development, what should users, developers, and investors think/expect? The confusion lies directly at the feet of the company.
👍  ,
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vote details (2)
@mahafuz20 · 
super  post
properties (22)
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@malay11 · 
Sir thanks for your great effort. Value of Steem will going very high. All Steemian will benefitted by this.
properties (22)
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@mansoorahmed · 
That is Great information Ned good :D
properties (22)
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@marco-delsalto ·
$0.08
Rock on Bring on the SMT's for the world to use..
👍  
👎  ,
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vote details (3)
@berniesanders · (edited)
$0.97
You really thought your comment was worth $2.91?  I can see that if your comments are hidden like mine, but upvoting your self like that consistently is questionable.  I suggest you reconsider your actions.

I'll fix this one for you shortly.
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
👎  
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vote details (57)
@littleboy · 
Are you pretending to be @dan or what?
properties (22)
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@marconah · 
Wow, when I read the contents of your post, I feel happy .. Hahaha, important information. @ned
👍  
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vote details (1)
@marginshort · (edited)
nice :)
properties (22)
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@marsella-2017 · 
It would be good to watch the video with subtitles in Spanish. I'm interested in what you say, but I do not speak English.
_______________________________
Sería bueno ver el vídeo con subtitulos en español. me interesa saber lo que dices, pero no hablo ingles.
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@masterwriter · 
Acknowledged sir. 
Thanks aplenty ....
properties (22)
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@matt-a · (edited)
Are there any previews of the UI/UX that we'll be presented with when interacting with SMTs?  I'm curious to see how it's going to be laid out.

BTW, good job on not making the videos full of garbage filler and getting straight to the point.  Very concise.
properties (22)
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@mdjohurulislam · 
thanks you.
properties (22)
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@mfadao · 
What's better? I don't think that.
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@michaeljn · 
@ned
The ethos and philosophy behind the platform intrigues me most, it has a new world feeling, an approach dedicated to sharing and generosity, which is something us as a species was sorely missing, thank you so much to all who are involved in the development and promotion of this exciting movement.

There is indeed enough for everyone. and also cathartic in ways that would probably reduce violence in the world. since kindeness is being rewarded it would automatically reprogramme the brain to readjust actions toward a more positive outcome :-)

Blessings to all...

Thanks @ned and @dan
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@mnrdev · 
This is my third day which Iam interacting with Streemit community. Really impressive. I strongly believe that, Streemit has tremendous potential and create history in the crypo currency world in coming days. 

Would like to know when & where the SMT tokens will be lunched, and curiously waiting for that precious moment.

I just love Steemit. This is the best place to be
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@moemanmoesly · (edited)
Great stuff @ned i am still quite new and it's encouraging to see the platform and the blockchain itself grow and evolve.
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@mrrifat1 · 
<p>Boom! Boom! Go ahead.</p>
👍  
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vote details (1)
@mrviquez ·
$0.11
Wow I am glad that I am part of this community today!!!!! SMT's are going to revolutionize the Crypto space.  I knew that Steem was going to ultimately go up in value but now with SMT's in play the sky is the limit!!!!! Thanks @ned !!!!!!
👍  ,
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vote details (2)
@mrviquez · 
How would people like myself who have no technical background launch a token?  Is it going to be user friendly or will we need some sort of experience with the whole coding world?
properties (22)
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@oldtimer · 
Why do you need one?
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@topnetworkeral · 
from what i saw it's going to be pretty simple; Point and Click ICO's
properties (22)
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@muhammadazam · 
i have seen this idea is totally new in the internet world its best for authors which are specially waiting for freelancing work.i vote for steemit
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@muneerahmed · 
Excellent write up! Thanks so much for giving Steemit a fair shake on such a popular website like Wired. We definitely need more publicity like this.
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@muratbaran · 
Noruyon
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@myrsha · 
Useful info.
properties (22)
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@nanogivers · 
This made wonder if Steemit will became more than EOS and Ethereum at one point. Very good suff this this post. thank you
properties (22)
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@nanzo-scoop ·
$26.94
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vote details (51)
@arvind18 · 
very helping information,i got my knowledge updated
properties (22)
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@assayer · 
We lacking long-term perspective:  Steemit is  areality-check for any Steem-related tech in the future....
properties (22)
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@ats-david · (edited)
$13.43
>What happens with Steemit?

Based on the many comments from Steemit, Inc. personnel over a period of many months now, development of Steemit.com seems to be an afterthought. They stated a few months back that Steemit.com will only be "just good enough." And recently on Steemit.chat, @sneak stated that backend development is the priority for the foreseeable future. 

Simple features and functionality that have/has been requested by users since last year continue to be disregarded in favor of half-developed ideas and changes to blockchain protocols that drastically change user behaviors. Some of these blockchain protocol changes haven't even been requested by users or developers -  they just happen to be related to Steemit, Inc's plans for future development, which is the exact opposite of decentralization. 

The real issue, though - as I have stated before - is the constant conflation between Steem the blockchain/platform and Steemit, Inc., the company that owns the social media site: Steemit.com. When development of the website doesn't happen and the company that owns it continues with hardforks and other backend development, what should users, developers, and investors think/expect? The confusion lies directly at the feet of the company.

So...what happens with Steemit?

If I were a betting man: Not much at all, at least not any time soon. There doesn't appear to be anyone at Steemit, Inc. who knows how to run a social media site/company. And if there's no development being done and no immediate plans for it, let's dispense with the "Beta" pretense and just accept that this may be about as good a website as we're likely to get.

I suppose we can wait for the 2018 road map to see what the plans are, but that'll be at least another three months away. And it's not likely that the planned release dates for 2018 will be entirely accurate anyway.
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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vote details (57)
@cyberblock ·
$0.25
Maybe, they plan to get the "backend" to a level best suited for mass adoption?
👍  , , , , ,
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vote details (6)
@fem-of-war · 
:( lameeeee
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@igster ·
$0.07
It's always been pretty clear that steemit.com isn't the top priority for Steemit Inc and I think it is the right choice. They should be focusing on the blockchain itself. We've already seen what individuals can do here with the releases of @Dtube and @Dsound. Making the backend work flawlessly even in the face of mass adoption would attract even more such individuals and projects.

Also SMT's would mean that these developers can do ICO raising funds just as with Ethereum. This is a big deal and will certainly grow the value of the whole ecosystem.

So I'm saying Steemit Inc should focus on the work behind the curtains. Make the engine work so car builders can use it.

Steemit.com will be just one of the many. It's just a stepping stone, nothing more.
👍  , , , , ,
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vote details (6)
@jasonrussell · 
I really have high hopes for steemit... i really do...  I'm hoping whoever is actually behind the development of steemit.com will listen to the users and give them the 'social media' fixes that are keeping us from making it to the mainstream.  I really think @ned and @dan were on to something here!!!  Lets get steemit.com out of beta and really do this thing!!!!!!!!!!
👍  
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vote details (1)
@joshuatucker · 
Seriously.   Any account can be killed by individual(s) with clout, publishers aren't going to sink in time/money/investment into a system with no protection nor recourse against that.
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@methusaleh · 
I see the points you are making but I do feel back end dev is much more important right now. Remember that by any reasonable measure these are still the incredibly early days of this enterprise. I can live with a functioning site that could look prettier and I dont see any of the current UI issues as more than little niggles personally
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@rezpatex · 
I like the information :)
But for the future i have a little tips when it comes to making video.

The background music in this video was so load that it was no longer the background music, but become the main sound in this video, and some times it was actually difficult to hear what was said because the music was loader then the one that talked.

I only say this, because i think in the first place it was a great video and want the message in the video to be clear.  :)

Hope you have a great day when u read this.
(Sadly i dont have voting power for upvote now, so i can only comment..)
👍  
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vote details (1)
@surfyogi · (edited)
$6.04
Steemit is an experiment, nothing more...

https://youtu.be/rH9iro8yBOg
👍  , ,
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vote details (3)
@w-w-w ·
$0.17
I like the idea of Steemit website so much. I agree with @nanzo-scoop and @ats-david. 
It is becoming really dangerous to continue to ignore Steemit development. 
This and only this was a success story so far. Steemit website. Not Steem!
As an experienced & successful internet marketeer, I can't wait any longer - I need to say this - @ned please read:

![](https://steemitimages.com/DQmdHAdyr6ycGNkEUrQruZb1b9Lt5oMNb724N6qXVu2gN3b/image.png) 

If you manage to combine this idea with an affiliate program giving 20% to the affiliates (20% of all Steem your referred users earn, not taking from them - adding  20% on the top of that), I am almost sure Steem will become the #1 crypto investment! 

And several months later, on the top of success, you launch SMTs and everything else you planned!
👍  , , , , , , ,
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vote details (8)
@crypt0 · 
Nanzo!! My man :D
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@joendegz · 
@crypt0 you have been followed
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@cryptoctopus ·
$8.52
What's better? Being a successful website or being the environment on which thousands of social media websites can be created?
👍  , , , , , , , , , , , , , , , , , ,
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vote details (19)
@happy-goldberg ·
$0.03
the internet is the environment on which thousands of websites can be created.  it was free and decentralized and marketing found a way to centralize it again. seeing all these bots receiving investments in steem dollars by transfers of the authors to bots which are returning them the sum multipled by 1.5 as a reward under their posts is already pointing in wrong direction. but that can be fixed. anyway, a free network is no guarantee to be free of loopholes that can be exploited by clever people in the market.
👍  ,
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vote details (2)
@nanzo-scoop ·
$2.07
Thousands of (failing) social media websites vs Facebook. I know which I'd rather be!

The social media landscape shows where the trend is going... Audiences are congregating around a handful mega sites.

***Done right*** I'd bet on a single decentralised blockchain social media platform/ token (e.g. Steem and it's apps) succeeding, over thousands of tokens/ sites with limited or no usage.

The premise of the OP is value flowing back to STEEM, it would make sense to make the core product... well, valuable.
👍  , , , , , , , , , , , , , , , , ,
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vote details (18)
@cryptogenius · 
nice
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@dana-edwards ·
$4.23
How much flexibility do companies have over Steem is the question? Does a company like say Reddit have the ability to launch an SMT which then allows holders of this token to for example receive a share of the revenue of Reddit.com? In that case I see huge huge potential for SMT because all these media companies are not going to want to recreate Steem if they can just launch their own tokens over it and have their own economies or economic kingdoms.
👍  
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vote details (1)
@eastmael · (edited)
Yes, this is the same question I had (if I read your comment correctly). What stops them from launching their own cryptocurrencies? 

Your post confirmed what I was pondering:
>  ... these media companies are not going to want to recreate Steem if they can just launch their own tokens over it and have their own economies or economic kingdoms.
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@mdf-365 · 
This is the best-case scenario that I imagine. Like content/audience auditing software for organizations that already exist to evaluate where eyeballs are coming from and where dollars should go regarding producers. A turnkey solution
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@droucil · (edited)
$0.58
I think Steemit will remain to stay its own kind of Social Media platform, especially concerning the blockchain world as its topic. Why would they stop developing Steemit though? It's still in beta right? I would assume SMT's to just be a part of the whole Steemit project, not a way to spend all their time and attention on just that.
Certainty is always a good thing though...
👍  , , , ,
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vote details (5)
@nanzo-scoop · 
In an ideal world this announcement would have coincided with a major upgrade to Steemit or release of a new app (e.g. the mobile app). If Steem Inc can do both, with no impact on the other, then fantastic. Let's see.
👍  ,
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vote details (2)
@greenman ·
$4.41
Holly Smokes @nanzo-scoop - you scooped me!
👍  , , , ,
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vote details (5)
@joendegz ·
$0.22
@greenman you have been followed
👍  
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@richforever ·
$0.18
Great people at work
👍  ,
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vote details (2)
@kendewitt ·
$0.03
Steemit will become the social media site where all the Steem millionaires and billionaires hang out, and where all the hopefuls come to persuade people to support their new tokens.
👍  ,
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@joendegz · 
@kendewitt you have been followed
properties (22)
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@surfyogi · 
22 Reasons you should buy my token!
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@masterofcoin ·
$0.29
So will SMTs be a positive or a negative for the value of the STEEM token? Based on @ned's video, sounds like a positive?
👍  
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@matrixdweller · 
I am still being censored
👍  
👎  
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@urbansteemers · 
Scoop that was suoer dope . holla at your boy ya herd....
👍  
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@joendegz · 
@urbansteemers you have been followed
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@zahidzzs · 
Steem will be considered
👍  
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@joendegz · 
@zahidzzs you have been followed
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@zulu2017 · 
If i decide to submit an ICO and need #500,000,000  tokens, how will that be achievable with this new structure?
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@joendegz · 
@zulu2017 you have been followed
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@zulu2017 · 
If i decided to launch an ICO that required 500,000,000 tokens, how would this be achieved?
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@nationalpark · (edited)
@ned, sorry for bothering you. But I need your help. I revealed a spammer of Steemit [in my post](https://steemit.com/steemit/@nationalpark/observation-and-analysis-firepower-of-spamming). Now the spammer, @firepower, and @s4s come to flag me. Now the @firepower [is threatening me](https://steemit.com/steemit/@firepower/re-nationalpark-re-firepower-re-nationalpark-re-firepower-re-nationalpark-re-firepower-re-bullionstackers-re-nationalpark-observation-and-analysis-firepower-of-spamming-20171009t103346418z). I would like to know whether you can help to clean the spammer, @firepower, and his friend (a robot?) @s4s. Thanks
👍  
👎  
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vote details (2)
@pzhao · (edited)
I think firepower could prove that he  is not a spammer easily, if he is able to. Downvoting a reply like this seems not wise.
👍  
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@nationalpark · 
He downvotes me like a mad d** because he is not able to prove he is not a spammer 😄
👍  
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vote details (1)
@naveendavisv · 
wow ...looking for it
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@nejc1107 · (edited)
Awesomeness man ! 
-
I cant wait to see where will steemit be in 1 year, extremely grateful to you @ned and @dan for creating and keep evolving that beautiful community! 
-

Ur JUST AWESOME BOSS !! STEEM ON !!
-
👍  
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vote details (1)
@nippel66 · 
First of all i neet to take my Hatt of for you @ned

This is really good idea, that i actualy feel is rigth timing to add. Couse of the Demand on Smart tokens eould grow rapidly!

I have been around here for over a Year now. And you guys really know how to Succed. 
Are @dan working on EOS and you run Steem now?

-N66
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@nonongfaizah · 
it is so stunning so special. I liked the video. a great one and I have told my husband @zufrizal, my friend about it .. happy day steemit friends all over the world with this precious social media.
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@nutela · 
I liked this new video much more @ned, it is much clearer now. I hear some good ideas! 

Some minor critisim though, I did have to turn on subtitles. Because when I read along I absorb the information being said much better. However the subtitles are not accurate because it's just YouTube Speech-to-Text automatic captioning. I edit these a lot to make _other_ people and their project more stand out. It's quite some work but well worth it! Like you are cutting the video this is the same thing, your editing _what is being said_ basically because the brain will override _visual_ information _over_ auditory information.

Please let me know if I can help with that, good information is key IMHO.

Good luck @ned! And thanks to all for creating a **great** platform.
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@oluwoleolaide · 
Will it stabilize the fluctuating prize of Steem?...and  is that some sort of Hardfork? cos i am really looking out for the next HF and see how it suits my Steem-Journey.
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@omerabdalla · 
I belief SMT's it will effect Steemit in a big way as it as an Social Network.
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@onealfa · 
So much needed video . THANKS.
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@overkillcoin ·
$0.10
Love the gunfire sound effects on the title frames...

My mind is in shock, I don't think even Steem users realize how big this is going to be!
👍  
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vote details (1)
@patica · 
Thanks for sharing this. These 5 value drivers of SMT make a lot of sense for the rational mind. It's still very (game) theoretical and we know 'we' humans are not 100% rational actors.
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@phat32 · 
awesome!
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@pierpanbah · 
Hi @ned,

I think this SMT thing is great!

But can I ask you a question?

Why not improve the Steemit platform?

-he's got a hard-to-use editor. Created by Nerd for nerd:-)
-He has no groups or anything. It is difficult to find the posts of people who follow or more interesting.
-Search works poorly.
-it is not translated into any language

Wouldn't it be the case to make an investment on the development of the platform?

Thank you so much for your reply!
👍  ,
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vote details (2)
@prameshtyagi · 
we believe in concept and its value for society. just let us know when we can create our tokens?
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@preparedwombat ·
$0.27
Ned: I can see how SMT's might have an indirect effect on the demand for Steem tokens, but would there be a DIRECT effect on the demand for Steem tokens and, if so, how large might that effect be? Related to that, where do you think the price of Steem might end up a year or two from now?
👍  
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vote details (1)
@purecolor · 
https://www.youtube.com/watch?v=taYZHbj6w9w
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@rahulsaini · 
Yes but the real question now is how or what impact SMT will give on steam.its better to create a environment  on which many social media websites can be created.
may be Steemit will  stay on its own kind of Social Media platform.
steemit  will become a place where many richest people come to hangout.
 and let me know : SMTs are in direct or partial competition with EOS.
your videos explained well ,this will help to community.
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@ranielbrianulan · 
Nice Video,  @ned... Please follow all may post and i do the same..
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@ravi78m · 
Great..why dont steemit allow to create individual web pages like facebook.  This will help individuals to post in their steemit own page, instead of posting steemit content in facebook.
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@re-steem · 
hello, @ned
![comment.jpg](https://steemitimages.com/DQmQor3ndBKPaNJpQVZakAunAMEcFQjmwD5X38xi8kH7jz7/comment.jpg)
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@redeauxtech · 
We see so much potential.
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@reeyad007 · 
It's a initiative & it will be the best cryptocurrency one day for sure.
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@rjones · 
Hello @ned,

There’s a lot of comments. I really hope you read this one. 

I understand the focus to be on the currency side more than platform operations at this point, because without currency there is no operations.

So, I would like to ask you a few question and suggest a possible solution that, I feel, in some way relate to Value driver #2 and #5
2. attract new capital to the ecosystem with ICOs
5. become a big part of "Steem: the world's advertising network"

As you know, it is typical for businesses to blossom via the investment of revenue derived from other sources. 

Would it help strengthen or increase the value of Steem if 4 or 5 Steemians were to change $25k to $100k worth of Bitcoin to Steem?  

And what if that isn't enough to make a difference, what if 89 Steemians were to change $25k to $100K worth of Bitcoin to Steem?   What if all est 350K Steemians could do it?

These are not empty questions.  It can be done. 
Potential members will be directed to Steemit and people will be enriched along the way. 

Also, what if there was a strong Steem donation campaign implemented every year on Steemit, asking for at least $5 Steem from members.  From what I’ve seen and experienced, one quality post could easily bring in enough in Steem.  At current numbers, that would be an est. 350K members each contributing $5 per year in Steem.  

Would any or all scenarios have any effect on strengthening sustainability, increasing the value of Steem?

Would any or all scenarios be cause enough to consider appointing more resources who would be able to focus on further development of the Steemit platform?

Or could that Steem be used as an incentive for businesses. They could use that Steem to booster their ads. If they create quality ads they should see a return in Steem and, hopefully, product sells. 

In thinking about it, would any effort mentioned above have an impact on #1
1. increase demand for STEEM as the blockchain's bandwidth token

Thanks for reading.
I look forward to your response.
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@robertoblasoni · 
Its SMTs time!!!
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@romanskv · 
*I think @ned wants to do everything well and make your own money and give to others, but will have to put up with some discomfort... I am ready , as to steemit I could only dream to earn on his work, and now it is a reality. I trust the organizers and I hope all goes well and I'll always have income, so as before I struggled to make ends meet.*
_______________________
Я думаю @ned хочет сделать всем хорошо и самому заработать и дать сделать это другим, но придется смириться с некоторыми неудобствами... я готов , так как до steemit я только мог мечтать зарабатывать на своем творчестве, а сейчас это реальность. Я доверяю организаторам и надеюсь все будет хорошо и у меня будет всегда  доход, так как раньше я с трудом сводил концы с концами.
_____________
|![img055.jpg](https://steemitimages.com/DQmP9BPPkL7GkN2b5rcYFutkGHX2go2yJ266UKZsPun7KjB/img055.jpg)|![img052_новый размер.jpg](https://steemitimages.com/DQmXQhVKsnUUkaKJBpxayMtfTDp5qPe7AWSfihYcToxDkd9/img052_%D0%BD%D0%BE%D0%B2%D1%8B%D0%B9%20%D1%80%D0%B0%D0%B7%D0%BC%D0%B5%D1%80.jpg)|
|---|---|
_______
welcome my art
https://steemit.com/drawing/@romanskv/good-pictures-two-beautiful-girls-and-a-bird-man
https://steemit.com/drawing/@romanskv/my-four-vivid-drawings-virtual-gallery
👍  ,
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vote details (2)
@rubinadhikari · 
just got account verify :)
👍  
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@rymlen ·
$0.40
Very interesting!
👍  ,
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vote details (2)
@sacyoussama · 
This topic should get more covered because so many people still don't understand how this system works including me, I know some things but I don't understand all what is going on in it.
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@sacyoussama · 
This platform is here to stay, I think that steemit ads going to be as valuable as
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@sammarkjames · (edited)
$0.11
So I've done some research but I'll be honest I probably haven't read enough yet to ask the below incase you've already answered it elsewhere...so I apologise if you have done so.

What's the proposed timescale to implement this and how will it be rolled out and made available?
👍  
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@timcliff ·
$0.02
According to https://smt.steem.io, "Launching soon in 2018".
👍  
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vote details (1)
@sammarkjames ·
$0.02
Hehe yeah ok, but there's a difference between January and December - I knooow "soon" would denote otherwise, but it's always worth an ask! Also interested in the roll out approach too, whether it'll be exclusive  and what the level of exclusivity might be...
👍  
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@samminator · 
This is a very brilliant idea you've got. Hope this will get wide acceptability? I mean in the area of legality
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@segyepark ·
$0.53
I am pleased to see this news. Just to let you know that this post has been translated into Korean :)

https://steemit.com/kr/@segyepark/smts-steem-3
👍  
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vote details (1)
@sergiomendes · 
I am glad I have heard thisnone cause I have learnes a lot 😁 thanks Ned
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@setapart · 
We are taking Over...i repeat, Steem is taking over!!!...just so happy, thanks for the update.
👍  
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@oldtimer · 
I think you're right.
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@sgtechservices · 
This kind of thing is WAY over my head, but I find it interesting nonetheless, and am actually learning bit by bit.  Thank you for the information @ned.
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@shivohum2015 · 
Okay I am just adding a Question, currently STEEM is valued at 1.4 usd roughly. by mid 2018 how much would be the price appreceiation of STEEM as per you.

Thank you.
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@siddartha · 
My question is just one. Nodes keep failing, steemd is down after every few days. Will SMT not put extra pressure on already fragile chain. Or it will be completely different thing.
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@simonjay · 
No questions right now @ned but I want to thank you for taking the time for doing this really informative explanation video.
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@sinner · 
ohh yes!!
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@skreza · 
oh this is ned.. finally I get to see the man behind steemit.. 

nice video.. do use your super voting SP and upvote some of my contents and make me rich 😂😂😂
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@smetana · 
We need now to make it! It will change the world!  Thank you for video. Resteem it more.
👍  
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@smyle · 
I see a brighter future for steem. You are really innovative. You always come up with great ideas that will benefit steem buyers, steemit as a community and the world at large.

Each time i think about the SMT from all the analysis i have read, i am always happy to have discovered steemit.
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@socialdesign · 
I've bought into #TokenDesk which will help people purchase ICOs easily soon. 

https://www.tokendesk.io/Referal/ca6c9a35-5089-464f-b95b-183eca4f2ae9
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@splendorhub · 
Trying to keep up with all the greatness. Thank you for sharing. Best wishes, - @splendorhub
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@sportspodium · 
@ned thanks for this. As you know from some of our talks, we are launching an ICO and have been looking at EOS and SMT for a while now. Timing is a major factor. We would want to start doing work around November on our project, but do not know if SMT is going to be ready. I see 2018 in the comments, but what is your real ETA, is there a way to collaborate before and get some functionality?
👍  
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vote details (1)
@robertm · 
Further to this @ned, is there a community of dev's on your project we can start engaging with to test more of our roadmap with what you are doing and your roadmap? It would be great to go a step beyond your whitepaper and discuss with the brains thrust of your team .
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@srkattel · 
You nailed it @ned. Steemit is an awesome place to meet innovative minds.
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@stealthtrader · 
That's why I stopped Powering Down about a month ago, because I could feel something HUGE coming to STEEM. Great job Ned!
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@stealthtrader · (edited)
@ned - Correct me if I am misunderstanding this, but will there be a _fixed_ conversion rate from STEEM to SMT's?
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@steamrolla · 
Wow,look at all these replies and opinions. Steemit is a great place to show your true genius,or even a great place to copy and paste or fake the same. Sometimes I can't tell which is which,so I'm not one of them,but do enjoy a good read!
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@steemitboard · 
Congratulations @ned! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/voted.png)](http://steemitboard.com/@ned) Award for the number of upvotes received

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)

If you no longer want to receive notifications, reply to this comment with the word `STOP`

> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!
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@stellabelle · (edited)
$2.91
I’m all for SMT’s, but I do question your timing of this. Having read a lot on Steemit, there are many people with unanswered questions, myself included:

1. How do you plan on dealing with the tsunami of _shitcoins_ er,..._shittokens_ that will naturally be released into the wild when Smart Media Tokens go live?

2. Will the Steem blockchain be able to technically store and house all the new SMT? What kind of megabytes are we talking about?

3. Considering the image of ICO’s are currently tarnished and undergoing more and more scrutiny by the SEC, (with ICO’s being shutdown), how do you think the SEC will treat Smart Media Tokens?

further questions from @dana-edwards: 

“If they are securities then how much risk is it to use the SMT infrastructure? Considering the cost of launching a security can cost in the tens of thousands in terms of compliance fees and then also the technical cost of setting up the SMT it will not be so simple as merely pushing a button.”

From @nanzo-scoop I shared some similar misgivings, mainly dealing with reputation risk.

Four. Why would a top tier organization like the New York Times associate with a barely known Smart Media Token factory, and one which has no clear guidelines for creation? Why would the NYT use the same service that scam artists and small-time websites use? Have you thought through the risks to their reputations? What's the compelling reason for them?

And one word about timing. If you had released this whitepaper after the UI was stellar, communities were established, and also the official mobile app was completed and being used bug-free, I would be more encouraging. The timing of this doesn't seem ideal, but I see this is your main passion, so that's a positive. Also, the white paper is pretty well constructed, so good job on that.
👍  , , , , , , , , , , , , , , , , , , , ,
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vote details (21)
@bluabaleno · 
TL;DR: SMTs that are offered by existing companies for accessing or using existing services use are **likely** safe from SEC regulation.

---

The Security Act of 1933, which establishes the definition a security, states:
#### The term ‘‘security’’ means:
  any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a ‘‘security’’, or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.

---

The common theme in these definitions is that people purchase a security with the expectation of a return on their investment. 

What complicates or, in our case, protects SMTs from SEC regulation is the fact that SMTs, like Steem tokens, has a utility function, meaning it is needed in order to use Steemit or any other application on the Steem blockchain. 

---


Sources: 
[How to execute an ICO in the United States](https://steemit.com/blockchain/@blockmason/how-to-execute-an-ico-in-the-united-states) - [@blockmason](https://steemit.com/blockchain/@blockmason/)
[SEC Investigative Report](https://www.sec.gov/news/press-release/2017-131)

---

Disclaimer: Not a lawyer.
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@dana-edwards · 
I think it all is going to be critical that the initial ICOs launched via SMTs ARE NOT scams and ARE successful. In addition, revenue sharing could attract positive attention if it's done right. The question is how do you do it right and make sure it's all legal? I suppose US investors will have to be excluded from a lot of this stuff but this is fine if the ICOs are at least successful and then we can buy the tokens later on.
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@daudimitch · 
Hey @stellabelle I responded with the following points, on a separate comment below but I believe it has some merit to your question here "The fives points are solid drivers, I just wanted to add that the contract should have lock-in periods as to safe-guard against flips of price that may occur as a result of ICO's. On the legal side, have you guys sorted out any of the legal jurisdiction technicalities that may arise? I believe its important to show from your end, that you are actively trying to regulate on your end...As a way of protecting customers interest that may participate in these ICO's, I am suggesting that the contract have lock-in periods where funds can then be release base on targets being reach....while this may sound technical I believe that the Proof of Brain concept can work here, as the population who participated in the ICO gives the go ahead to release funds base on the progress of the ICO's, this would help with accounting and would protect yourself from regulatory pressure, as funds are gradually release base on investors consensus and happiness of targets being achieved...well I hope my "two cents" make sense and if you need further clarity please let me know"
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@dana-edwards ·
$0.03
Steemit really cannot regulate. But they should allow the various companies who use the SMT technology to have the flexibility to follow regulations in doing their launch. This way if the SEC or others react then at least some of the ICOs can be properly launched and we can reduce our risk as investors by not interacting with the ICOs which are improperly launched.

Some ideas are good, but regulatory risk has to be managed and not by Steemit but at least provide the tools so companies and investors can manage these risks.
👍  
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vote details (1)
@inquiringtimes ·
$0.12
the New York Times seems a far off target.  Many smaller businesses will use it because it is available.  Will take time to gain acceptance
👍  
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vote details (1)
@littleboy · 
This comment should be on top.
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@raised2b · 
Yep, nailed it with these questions.
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@steempowerpics · 
I agree on the ICO issue with it's sketchy perception by SEC, Media, and public in general with the wave of pump and dumps. 

@ned Maybe instead of labeling that function of fundraising as an ICO - *since it's not really independent "Coin Offering" for a new platform or chain*, the name of that function could be evolved away from that idea that they "might" be a form of securities/investment and towards something more positive along the lines of "crowdfunding" and focus it on how SMT can raise funds for projects and communities here on Steemit and the related caused they support in the "real world".  *Like a kickstater or indigogo campaign.

A lot of communities/projects create UIA on Bitshares for that very same reason so I think finding a way to bring that terminology and focus to SMTs will be a positive thing to move that function over internally to Steemit.

It's a thin line with the SEC since over time the token value most likely will increase in time.
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@dana-edwards · (edited)
Or if it's going to be an ICO then put in the infrastructure to allow for a fully legal crowd funding launch to take place via an SMT. Partially legal or push a button to possibly break the law only confuses the situation. Let each issuer determine their own jurisdiction and announce their jurisdiction to investors. Let issuers put forth terms of service agreements and other legal protection mechanisms which investors can click to sign. Let issuers choose which investors to include or exclude from their ICOs so as to reduce their level of risk exposure.

If an issuer in a country where it's legal to crowdfund is trying to avoid SEC problems then all they have to do is put up a legal defense and an exclusion notice telling US investors not to participate. Just exclude US, South Korean and Chinese investors to reduce your risk if you're doing an ICO.
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@sunravelme · (edited)
$0.03
Hi @ned- I'm messaging you as a developer for steemit. My old posts that are past editing now have broken links because the resizing code has been changed. Is there any way to fix these so that they aren't broken? Thank you!
👍  
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vote details (1)
@surfyogi · (edited)
$9.20
I think Luke's questions resonate, and that might be the other side of this. Steemit, vs the STEEM currency, and inbetween, or facilitating both; the steem blockchain.

Each is almost it's own product, and in reflection; I can see that Steem will never be appreciated in it's current format as a POWERFUL and MODERN blockchain until it is primarily promoted as such. AS a product: Steem.

And so Steem gets lost in the shadow of a community getting it on at Steemit. Steemit overshadows the real power of Steem, and the current price of STEEM reflects that in ways, that must be very disappointing to many of us..

So what to do? ;-)     SMTs

And SMTs certainly do evolve the Steem blockchain in several ways. 
But the real model I see as the "New Model for the Internet" (Web3) is really Steemit in so many ways.

Steemit:
Built from the ground up to be an Ad-free uncensorable free speech platform, powered by it's own economy, creating value based on the community's attention and contributions,  motivating people in a very obvious way, to participate. An idea that should be VIRAL if properly executed.

SMTs: I don't see any such thing there. An advertising network built on top of STEEM (tm) to power user contributed content (not necessarily on a block-chain, not necessarily decentralized, certainly not ad-free)?

It just seems like there are so many details left out here @ned...

it does seem your passion has moved on, to creating an entirely different product altogether; and then using Steemit as an example of how others can do the same thing (only better?), and they can take on FB, YT and the rest.
👍  , , ,
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vote details (4)
@tarekadam ·
$0.30
Great effort by yourself and the team! My questions.
- When are SMT tokens are ready to launch.
- Will there be an exchange for steem and SMT tokens.
- Is steemit.com still main priority.

Thank you!
👍  , , , , , , , , ,
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vote details (10)
@teamhumble · 
congrats on these regular posts ned. all power to you.
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@temmy8284 · 
Nice
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@theclear · 
If Edward Leedskalnin did what Satoshi Nakamoto did, we most likely would be driving different kind of cars.
![magnetic car.jpg](https://steemitimages.com/DQmaMxfR51BR577zEHSzfvvyfc267n2FjjatthxBxECFPyw/magnetic%20car.jpg)
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@thecryptotrader · (edited)
$0.23
i LOVE these kind of news, and i love to be a part of this world changing platfom.
We are inside a thing that will change the whole internet/social world, and someone still don't even realize it!
i bet ALL on STEEM!
👍  
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vote details (1)
@thegoliath · 
Ned IS Batman and making the world a better place! 
@ned Please do a video as Batman to confirm! 😂
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@thesteemdream ·
$0.23
Everyone will look back and say wow I can't believe I wasn't a part STEEM earlier. I'm glad I'm a part of the community!
👍  , , , ,
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vote details (5)
@curtiscolwell · 
Said every cryptocurrency holder ever...
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@littleboy · 
I am skeptical about the claims about steem price going to the moon.
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@tim-beck · 
@ned, most users of SMT-enabled sites will probably not have steem wallets. I have heard from some recent wannabe Steemians that the onboarding process is not as smooth as it could be.  Presumably, a site would require/encourage its users to get a wallet and sign up through a widget on the site. How do you see this working?
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@tojukaka · (edited)
$0.08
@ned I really appreciate the way you spend time communicating with the community these days. 

I love Steemit 

You are awesome sir!!!!!! 

This is the best place to be!
👍  ,
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vote details (2)
@trans-juanmi · (edited)
- How long it will take to implement everything on Steemit and having it running?(Not need to be so exact) 
- How much would be really cost to make a token? In the WP they are 2 numbers, 1 SBD and 1000 SBD if I remember well.

This is for now what I have in my head.
Thanks man!

Edit: we need the 20.0 updates for faster creation of new accounts asap I think
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@timcliff ·
$0.02
According to https://smt.steem.io, "Launching soon in 2018".

It should be $1.00.
👍  
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vote details (1)
@trans-juanmi ·
$0.06
Thanks! 
Yes I know about "soon in 2018" but maybe could be a bit more specific ;)

And if is 1SBD they should change this line of the code in the WP, page 23

"smt_creation_fee" : "1000.000 SBD",

As far as I understand means 1000 SBD fee. But I am not a developer, maybe I am wrong.
👍  , ,
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vote details (3)
@vandeberg · 
Our blockchain dev team is growing. Because of that we are able to work on multiple large features in parallel, HF 20 being one them. We certainly have not forgotten about it!
👍  
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vote details (1)
@trans-juanmi · 
Thanks a  lot for the input :) Maybe do u have some news on new UI development for steemit.com? Localization? I would not mind to translate the complete Steemit platform to Spanish just to have it :) ... this is also very important. Thanks again @vanderberg!
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@tuck-fheman ·
$2.09
Gunshots, in your promo, after last night?

#outoftouch
👍  , , , , , , , , , ,
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vote details (11)
@desertstar · 
agree ~ and even if last night didn't happen - why do we need to hear gunshots
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@desertstar · 
to make a point
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@tushartosi · 
i follow back
properties (22)
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@ugetfunded · 
Hi @ned, I think this will take Steem to the new heights. Though Steemit is on way to 'Top 20 Crypto Currencies' at coinmarketcap.com, yet the competition will become fiercer from now on. Everyone is now talking about crypto currency so there is awareness and more demand for websites like Steemit. SMTs willhelp to make it beat the competition. 

Good post. 

Steem On!
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@underworld24 · 
Hello follow me.
properties (22)
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@vandalizmrecordz · 
Please support the "VEGAS VICTIM OF MASS SHOOTING RELIEF FUND"  https://steemit.com/vegas/@vandalizmrecordz/steemit-vegas-victim-help-and-relief-fund-by-william-elder-of-vandalizmrecordz-orbit-drop
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@vangelov · 
GOOD THINGS ARE TO FOLLOW 

Much love brother
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@vangelov · (edited)
$0.18
Hey @ned. I know you love this community and so do we. The Media tokens are bound to set a new era for the internet with the block chain leading the parade. ( If everything goes well )

As you are dong your part, me and 20 Authors are trying to start a Steemit Publishing with a genius plan that has great potential to bring many people to steemit.

Would you have a look ? : https://steemit.com/steemit/@vangelov/s-w-g-steemit-writers-giold-building-a-better-future-for-writers-or-current-progress

I wanted to leave this here because were looking for someone to support our cause and lease us some SP, so the Authors can be stimulated for their time and effort.

We move one stone at a time and our publishing initiative is trying to throw its first pebble for the team.

Much love <3
👍  ,
properties (23)
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vote details (2)
@eastmael · 
Have you looked into ADSactly or Whaleshares hangout? Perhaps minnowbooster as well as they have SP leasing.
properties (22)
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@vanisis · 
嘿，伙计们，看看我的新视频，谈到了斯特姆的经济状况。一定要留下评论，告诉你的朋友！

smt……

1.增加对STEEM的需求，作为区块链的带宽令牌
2.用ICOs吸引新的生态系统
3.将STEEM供应与自动化市场制造商联系起来
4.为STEEM创建新的实用工具
5.成为一个大的一部分“Steem:全球广告网络”
我要采取更多的问题和做更多的视频,所以看这个也成为下一个视频.
请继续关注6日smt的价值主张:更多的价值Steem分散和资本化的组织.
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@vcelier ·
$6.18
Are SMTs in direct or partial competition with EOS?
👍  , , , , , , , , , , , ,
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vote details (13)
@andrarchy ·
$3.04
Let's get a response to that from @ned on video! I think it makes more sense to ask it the other way around actually!  :)

*Community Liaison, Steemit*
👍  , , ,
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vote details (4)
@droucil ·
$0.02
Correct me if I am wrong, but ain't those two different from one another? SMT's are a tool to implement the same kind of functions Steemit has, to an already build platform. EOS is used to make the platform itself.
👍  
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vote details (1)
@stellabelle ·
$0.54
EOS is a blockchain operating system, the simplest way to explain it. It's not an ICO factory.
👍  
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vote details (1)
@eastmael · 
Similar question here. How does it differ from creating a User Issued Asset (UIA) in DEX?
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@joendegz · 
@vcelier you have been followed
👎  
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vote details (1)
@littleboy · 
Yes, I believe it is.
properties (22)
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@mrblu · 
the same here
👍  
properties (23)
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vote details (1)
@matt-a · 
I don't think that the two are really comparable.
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@oldtimer · 
I think that steemit inc. will kill EOS and Ethereum with one shot.
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@buzzbeergeek ·
$0.15
What about NEO? It gained a lot recently!
👍  
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vote details (1)
@matt-a · (edited)
$0.40
Well, I don't think they'll do anything to each other but help each other, to be honest.  I think that it will be pretty harmonious; symbiotic.  Well, aside from Ethereum.  I feel like that one's going to suffer some harsh blows.
👍  , ,
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vote details (3)
@nejc1107 · (edited)
Slovenian BOSSMAN lady’s and gentleman’s 😁💪💪💪 @oldtimer !!
properties (22)
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@stellabelle ·
$0.04
this is one of my questions as well.
👍  
properties (23)
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vote details (1)
@steempowerpics · 
SMTs on Steemit are the equivalent of UIA on Bitshares, already used by many projects and whales to support communities here, so this is a way to bring that function internal to Steemit itself. *This has nothing to do with EOS.* :-)
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@topnetworkeral ·
$0.42
great question here -
👍  
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vote details (1)
@venku898 · 
Good explanation about smt
properties (22)
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@vineetramk · 
Hi Ned,

Please excuse if I got the thing wrong, from what I understood is existing social media entities can issue there own reward tokens for their value creators using Steem ecosystem as the base  for which they would need to have some Steem. Now had 2 Qs

1)How difficult or easy you think would be for the existing social media sites to come to decision for rewarding something meaningful to its value creators.
2)Wont they(social media sites) be discouraged to do so as indirectly they would be advertising Steem and driving their users away to get rewarded in the base token.

Thanks,
Vineet
properties (22)
authorvineetramk
permlinkre-ned-explainer-value-flows-on-steem-with-smts-video-20171003t105301668z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2017-10-03 10:53:03
last_update2017-10-03 10:53:03
depth1
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last_payout2017-10-10 10:53:03
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
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body_length598
author_reputation20,088,168,172
root_title"Explainer: Value Flows on Steem with SMTs [VIDEO]"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id16,655,764
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@wajidali · 
Gres
properties (22)
authorwajidali
permlinkre-ned-2017104t1733246z
categorysteem
json_metadata{"tags":"steem","app":"esteem/1.4.6","format":"markdown+html","community":"esteem"}
created2017-10-04 12:33:24
last_update2017-10-04 12:33:24
depth1
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last_payout2017-10-11 12:33:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
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body_length4
author_reputation-294,891,696,809
root_title"Explainer: Value Flows on Steem with SMTs [VIDEO]"
beneficiaries
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accountesteemapp
weight500
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id16,759,716
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@wasgyo · 
![](https://steemitimages.com/DQmfF1SsNNFNrbtTGYXn1M1PrjbfYuooghqKUG3B94hxK81/image.png)

![](https://steemitimages.com/DQmetRamBFnJXMVPbBB9Lakxe697yJieDZaXHitRBhzRvMh/image.png)

Felicidades 

![](https://steemitimages.com/DQmUTDFyy9aUo6yJcgiDuMdXvgCDYmmCCjt1TQuxw6coSYL/image.png)
properties (22)
authorwasgyo
permlinkre-ned-explainer-value-flows-on-steem-with-smts-video-20171002t192604308z
categorysteem
json_metadata{"tags":["steem"],"image":["https://steemitimages.com/DQmfF1SsNNFNrbtTGYXn1M1PrjbfYuooghqKUG3B94hxK81/image.png","https://steemitimages.com/DQmetRamBFnJXMVPbBB9Lakxe697yJieDZaXHitRBhzRvMh/image.png","https://steemitimages.com/DQmUTDFyy9aUo6yJcgiDuMdXvgCDYmmCCjt1TQuxw6coSYL/image.png"],"app":"steemit/0.1"}
created2017-10-02 19:26:06
last_update2017-10-02 19:26:06
depth1
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cashout_time1969-12-31 23:59:59
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body_length282
author_reputation5,291,129,982,446
root_title"Explainer: Value Flows on Steem with SMTs [VIDEO]"
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max_accepted_payout1,000,000.000 HBD
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post_id16,597,905
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@wisdombtc · 
**hello friends** can i get some **$$?** am **new here** @wisdombtc
**one love steemit**
properties (22)
authorwisdombtc
permlinkre-ned-explainer-value-flows-on-steem-with-smts-video-20171005t161416519z
categorysteem
json_metadata{"tags":["steem"],"users":["wisdombtc"],"app":"steemit/0.1"}
created2017-10-05 16:14:42
last_update2017-10-05 16:14:42
depth1
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last_payout2017-10-12 16:14:42
cashout_time1969-12-31 23:59:59
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body_length88
author_reputation49,168,102,764
root_title"Explainer: Value Flows on Steem with SMTs [VIDEO]"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id16,871,811
net_rshares0
@xperia12 · 
Nyc post Upvote and follow back
properties (22)
authorxperia12
permlinkre-ned-explainer-value-flows-on-steem-with-smts-video-20171003t061129519z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2017-10-03 06:11:36
last_update2017-10-03 06:11:36
depth1
children0
last_payout2017-10-10 06:11:36
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
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body_length31
author_reputation-46,554,665,239
root_title"Explainer: Value Flows on Steem with SMTs [VIDEO]"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id16,637,221
net_rshares0
@zahlulalazmi · 
Yeyyyy
properties (22)
authorzahlulalazmi
permlinkre-ned-2017107t18575315z
categorysteem
json_metadata{"tags":"steem","app":"esteem/1.4.6","format":"markdown+html","community":"esteem"}
created2017-10-07 11:45:54
last_update2017-10-07 11:45:54
depth1
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cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
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body_length6
author_reputation22,415,794,871
root_title"Explainer: Value Flows on Steem with SMTs [VIDEO]"
beneficiaries
0.
accountesteemapp
weight500
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id17,001,233
net_rshares0
@zk34915 · 
Very well said really, I like your post
properties (22)
authorzk34915
permlinkre-ned-explainer-value-flows-on-steem-with-smts-video-20171005t133921135z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2017-10-05 13:39:21
last_update2017-10-05 13:39:21
depth1
children0
last_payout2017-10-12 13:39:21
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
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body_length39
author_reputation-220,203,831,879
root_title"Explainer: Value Flows on Steem with SMTs [VIDEO]"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id16,859,973
net_rshares0
@zparkzz · 
Hooly faak! Nice man :D Good video
properties (22)
authorzparkzz
permlinkre-ned-explainer-value-flows-on-steem-with-smts-video-20171004t172250944z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2017-10-04 17:23:00
last_update2017-10-04 17:23:00
depth1
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last_payout2017-10-11 17:23:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
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body_length34
author_reputation895,139,937,357
root_title"Explainer: Value Flows on Steem with SMTs [VIDEO]"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id16,782,907
net_rshares0
@zparkzz · 
Follow me and i follow you! https://steemit.com/@zparkzz
👍  
properties (23)
authorzparkzz
permlinkre-ned-explainer-value-flows-on-steem-with-smts-video-20171007t064823411z
categorysteem
json_metadata{"tags":["steem"],"links":["https://steemit.com/@zparkzz"],"app":"steemit/0.1"}
created2017-10-07 06:48:27
last_update2017-10-07 06:48:27
depth1
children0
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cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
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author_reputation895,139,937,357
root_title"Explainer: Value Flows on Steem with SMTs [VIDEO]"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id16,980,860
net_rshares1,119,963,771
author_curate_reward""
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