Hello,
Great piece, as much as its subject matter SMTs looks to be a bright future for both Steemit and the entire blogsphere that is "social media". Mostly everyone here I assume has lived through the Internet revolution and evolution from a strictly social interference to now legitamate interpersonal communicator, social media networks are long overdue for innovation. Though I haven't been on Steemit since the inception, ever since the day I began my blog, I found myself delving deeper into the history of this blockchain based platform.
SMTs, or Smart Media Tokens, I believe will advance social media networking online in many ways, not limited to that of Steemit, or blockchain technology rather. For each type of media uploaded, encoded, and exchanged through a data network now supposes value metrics linked to geniune, active human users interacting with original content and accurately signify authentic sources, novelty, and the potential intrigue of sharing new, illuminating wisdom drawn from the consensus of the crowd. Steemit possesses the potential to serve as a great example for how online communities of people all around the world to create, commune, and communicate ideas freely on a platform that offers earning potential for contributors and collectors alike. Ranked by a volumetric quantity of upvotes, comments, and reblogs, all media would lend to an internal algorithmic system of "checks-and-balances" would near-instantaneously adapt global weights of SBD and STEEM currency. STEEM pegged to the $1, SBD pegged to STEEM @ $1USD would be an ideal external trade mechanism to default the base of this digital token, then within the Steemit ecosystem "Planet" would habitat original, organic content by its user community and cultivate a whole new society.
Further discussions must be held once SMT has proven it's worth in practice. Keep this thread going as long as possible. Amazing topic and such a bold stake in technology we've claimed using Steemit, every day here is an incredible learning experience, I must admit.
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