RE: It isn't the Math - it is the Distribution (Opinion) Steem

[timcliff]

SMTs will offer an opportunity for new economies to form with the largest SMT holders being the people who are aligned with the objectives of the SMT.

Comments

[preparedwombat]

I've been trying to wrap my head around the relationship between the demand for SMT's and the demand for Steem.

[timcliff]

• You will need STEEM to buy SMTs.
• Everyone who uses SMTs will also be using STEEM.
• New investors will become interested in using the platform to launch and promote their own SMTs.
• Lots of tools and applications built for SMTs will work with Steem.
• Communities that want to control how rewards are distributed within their community can do it via SMTs without being drowned out by the votes of whale SP holders.

Lots more :)

[gregan]

Thanks for the insights, never knew what the fuss behind SMT was.. Until now :-)

[personz]

I'm really interested in how they will affect the ecosystem here, but I want to make the case strongly that it is not an excuse for Steemit Inc, witnesses and whales to stop listening to the debate on fixing the incentive (i.e. payout) structure for Steemit. It really seems like this is the view which saddens me.

[timcliff]

I agree that it it is important to keep discussing/debating. It is one of the most important aspects of the platform to get right. Unfortunately it is also probably one of the most difficult. There are trade-offs to every implementation, winners and losers to every decision, and there will always be some way for people who are only interested in maximizing their own personal stake at the expense of the community to exploit things.

I’m happy with the discussion that has been taking place in #roadmap2018. Hopefully some of the suggestions lead to actual improvements that get made in 2018.

[coincentrado]

Here's to hoping!

[droucil]

All I can hope for is to see more iniatives like utopian-io being created once SMT's arive.

[whatsup]

Agreed.