Wow, Amazing! Will be looking forward to Smart Media Tokens!! 💪🏼🙌🏼💯

You and me both Stackin - this is the thing that Steemians have been waiting for ever since early 2017. Can't wait to see what comes next... :-D

Still listening to the video as I write this 😂

Haha, I am excited now too.

😬🤣🙌🏼

wow amazing work and nice video

Excellent work from the team! Looking forward to some exciting times ahead! This is awesome as people can now monetize all kinds of websites, blogs and forums with this tech! A complete game changer this!

Absolutely true! A complete Game changer, you said it best!

hi i am new on steemit plzz follow me @aabisteemvoter ..and upvote my posts

A complete game changer INDEED. 🙏🏻 🙏🏻 🙏🏻

Absolutely agree!

Indeed

Here is a great article that shows what is possible with SMTs:

The Day the Paywalls Died: How Steem’s Smart Media Token Saved My Family’s Newspaper

Exactly what I'm looking for... thanks @timcliff

That's really cool. Imagine if the SMT really could do that.

Ned Scott is a pedophile protector

https://steemit.com/pizzagate/@matrixdweller/wikileaks-clinton-campaign-chair-john-podesta-caught-throwing-hot-tub-parties-with-children-as-young-as-7-years-old

i agree very much with ya

pls vote & comment me

Extraordinary development @timcliff, looking forward to seeing the roll-out. Given that there is a plethora of currencies out there (not all can survive), is there a mechanism whereby tokens could be aligned with SMTs to give them a purpose and, hence, an underlying value?

follow me plz

SMTs will be their own tokens, and will be tradable on the internal market for STEEM.

I would like to add my 2 poor cents in:
https://steemit.com/steemit/@dv8/smart-media-tokens-what-i-learned-in-small-hours-of-the-dawn
TL;DR I believe the announcement represents a structural shift from centralised to hub-spoke model with chages in the role of STEEM as a currency

Here is my 2 poor cents in:
https://steemit.com/steemit/@dv8/smart-media-tokens-what-i-learned-in-small-hours-of-the-dawn
TL;DR I think that SMTs have a potential to change the role of STEEM coins as we transition from centralised to hub-spoke model with this announcement

This is gonna spark plenty of ideas. Social currencies for all.

Can anyone explain briefly , what smts are ? Thx

They are going to allow users to create their own tokens, similar to STEEM and have them run and distributed by the Steem blockchain.

This is gonna spark plenty of ideas. Social currencies for all.

Hail to the chief. More of the steemit innovations which blazes the never ending trail. Hail.

Wow! This is good news for the steemit community and cryptoworld at large.

Truly well said! I personally look forward to the future!

Agreed, this truly is revolutionary, a real game changer, nice work and congratulations. Cheers ;)

at times when i think about how much i have missed in cryptocurrency world, i wonder if i can turn back the hand of time.... but since i found out about this amazing steemit, am already rest assured that the future is bright.

We are still in the early beginning!!!!

I'm thinking of launching an ICO for my social network called ureka. :)
I just made a post on it - more feedback to come once I finish reading the whitepaper!.

There's tremendous potential with this platform; this is definitely one of the most promising new developments I've seen so far.

u are right bro....

Need to read more about this! Awesome!

Great Work !!

yeah man change is coming :D cheers to all stemmians

You are right ...

@firepower
Can this also be used in monetizing our blog contents in steemit... I mean the older ones...this is truly a game changer and am happy to be a steemian and will work harder to benefit from this innovative options

Steemit is great, they are showing various ways in which block-chain can have a significant impact on people everywhere.You guys are amazing, I just joined Steemit a while back and I see why they can be a game changer like red-dit.It's great to see block-chain applications,with smart media tokens they have opened the oppurtunity for expansion which expands the community and educates the people about block-chain technology and what it can do.

Excellent job for sure! But steemit.com need to work more on the basics first.
New website design
Android app
IOS app, before trying to offer smart contract.
Also I don't think steemit blockchain will be able to handle the load! They have to scale the transaction per/second.

Does it mean that more people need to keep up the blockchain by infesting in mining hardware in order to handle this potential new load?

I completely agree with you that Steemit needs new webdesign, perhaps make more use of the STEEM metadata and the apps, how do these not even exist yet.. The time is due!

They have to find a way to scale up the chain to be capable of doing more than 1 million transactions per second before thinking about smart contract.

In my opinion it's look like they just trying to make some money, because the price will go up so high.

If that the case then what a shame.

That would be very short term oriented. I feel like Steemit or at least the idea of a crypo based social internet is very much so a long term thing.

hi i am new on steemit plzz follow me @aabisteemvoter ..and upvote my posts

hi i am new on steemit plzz follow me @aabisteemvoter ..and upvote my posts

@ned you are a genius that want the uplifting of others. May God continue to bless you and your family. I love this new innovation. I will check the whitepaper

Oh my! I finally bought my first bitcoin last week... I have so much catching up to do! But thank you for steemit, I would never have even gotten started if not for this unique platform.

This is going to bring in a whole new ecosystem, actually many more!!

I've been drooling over this idea ever since you first mentioned it on steemspeak months ago, I'm so stoked to see progress on this.
Resteemed and working my way through the WP now :)

Cant wait to see more good progress here in steemit.and i'm very happy for being part of this community

Couldn't agree more. This is why I stuck around! :)

Not because your name has steem in it?, hmmm... Guess I should read this token white paper! :D

:P

The idea is amazing indeed, the over dependence on adsense and ad based revenue is alarming. And with the massive crackdown of ads with ad-blockers these days, this should be able to help good content creators get what they want.

First time in my life that I feel like I'm right there when a disruptive technology completely transforms an industry. I wasn't there in 2009 when bitcoin launched, I wasn't there when Vitalik produced the Ethereum genesis block, wasn't with the program when Steem launched in 2016.

But I'm here now. Eyes open, wide awake, front seats at the show. Let's build a better world for us and our kids!

Well then... The drool is over :)

Wow. Mega excited to have seen this within minutes of it being posted. I'll get right to work. Bonza!

WOW this white paper provides a clear path to cryptocurrency mass adoption and how Steem will reach the #1 spot! I am opening Bittrex to watch the price blow up as the traders realize what this means for the future of Steem!

Goota love @jerrybanfield's enthusiasm!

Jerry has his shirt on Steem rising so pumps it when possible.

Yeah Steem to #1 spot? Lol

I will trade you 100 steem for 100 btc. Do it now, Steem soon #1, Jerry said it.

Well, that's not going to be a fair trade even if Steem beats Bitcoin in market cap, seeing as the current supply of Steem is around 242.6M and Bitcoin's is about 16.6M.

242.6/ 16.6 = 14.6

So, the offer should actually be 14,600 Steem for 100 BTC...and, no, I won't take it ;)

follow me

Indeed he's just great lol .. something about the guy!

He is the best :)

I was wondering where that crazy spike came from. Bitcoin is currently well above $4200, if we get a descent rally today, Steem prices might go above $2 again! Reading the whitepaper now...

Jerry...was that you buyin up all that steem?

I just moved some btc across.
I thought @blocktrades was getting cute with the exchange rate, but didn't notice steem's really jumped in the last 24 hours.

best of the best steemit is the best

Yeh @ned great invention!

SMT - Steem Moon Time? :)

almost there.

Now every major content site / community out there can launch their own token, and inherit the economic properties similar to what we're used to here at steemit.

I'm looking forward to the impact of SMT enabled commenting systems. This could reduce the hate and inane trolling, as people are competing for rewards by being helpful and nice.

Amen!

amin

Exactly, every application, business on top of Steem can have their own token and build up/expand community, incentivize users, contributors, etc. Exciting times ahead!

I strongly agree with the content of @good-karma comments, we can expand the Community for the better and more.

Wow

really nice

I feel like esteem might be brewing something in the near future?

This is very exciting. I am getting all the folks I know that have heavy traffic sites to look at this white paper. We are all very fortunate to be an early adopter of STEEM.

I would like to wager all my PeerPlays tokens on the Peerplays app as to what major website adopts this first.

@good-karma I have been following your opinions for a pretty long while now, and its always top notch...I agree with your opinion on this new tech Steemit is providing us, and am glad its also a game changer for everyone

https://i.imgur.com/eB0Li5g.jpg

LOL

xD tip!

http://i.imgur.com/sAg9ypb.png
Hi @inertia! @cardboard is sending you 0.11 SBD tip and @tipU upvote http://i.imgur.com/UwA0sjo.png :)
@tipU - send tips by writing tip! in the comment, get share of the profit :)

[IMAGE: https://steemitimages.com/DQmQqid1XuDX5YigiqfPoZHJNjUmruKZgeSh7T3HTR9VUaK/Screen%20Shot%202017-09-28%20at%2021.29.57.png]
[IMAGE: https://steemitimages.com/DQmYLBgWmnRn2kEm2Lpcz238H2fd4K7yk9U9tB3JHnGxk2p/Screen%20Shot%202017-09-28%20at%2021.27.51.png]
https://media.giphy.com/media/3o7btPCcdNniyf0ArS/source.gif

42

hahah :)

Well this is officially the first time I've had any use for the differential equations I learned before dropping out of Engineering school. Lol.

obviously you dropped out too soon!

I think you mean too late.

6 or half a dozen

Many whales are talking now. Its a whale reunion.lol

> This could reduce the hate and inane trolling, as people are competing for rewards by being helpful and nice.

Very valid point and an incredible potential influencer for a brighter future!

Good insight. Imagine STEEM revolutionizing online civility and saving mankind as a result. I'm not kidding.

YouTube needs this badly lulz.

Funny I was just thinking today on integrating comments with reputation, I'm looking at you YouTube... So I mean with all these tokens, where will they be traded? Won't it be confusing? I mean I was already doing that on #bitshares, so will we be using #bitshares?

That's a good question!

I'm not sure how it works yet but I could forsee this with Steemit jobs. I've already done some work to further our community and I by letting my voice be heard like on the #whaletank for example it was nice to feel supported and valued. I'm not sure how #dtube is funded or that he started by himself?

Indeed.

The SMT tokens will be integrated into a DEX in the STEEM blockchain using a protocol similar to Bancor as explained in the SMT Whitepaper:

> By leveraging a recently designed automated market maker concept [2], SMT-based ICOs allow a portion of STEEM tokens received to be sent into an SMT’s on-chain, off-order-book market maker in order to provide liquidity to the SMT at a specified reserve ratio.Beyond the social and specialized distribution mechanisms of SMTs, this feature advances the concept of automated market makers by pairing it alongside SMT’s decentralized markets, which also facilitate bids and asks by human participants. The combination of these two markets enables on-chain and trustless exchange opportunities for marketmakers while enabling liquidity for token users .

In other words if an ICO is run for a SMT it can be specified at launch that a certain amount of STEEM can be set aside as a reserve currency to provide immediate liquidity.

Thanks for the explanation. Will there be enough liquidity though? Or is also Steem Power being used as a reserve pool?

The tokens that use the reserve currency function will have instant liquidity. This is part of the Bancor protocol that the steem developers are emulating. From what I gathered on the white paper Steem Power will not be used a reserve pool.

Wow if this helped reduce people competing, manipulating, lying, trolling etc and helped people work together that would change the world!

A good troll sometimes adds great comic value too :)

Your publications are really beautiful I've checked most of them and found them amazing you're really worth it all thanks for sharing I hope to be like you in the future I work with all my efforts and perfection of God

follow me please

Interesting times ahead

This is great news! Steemit's going to become the Internet of coins. I look forward to see what Steemians can create with this ground breaking technology! Steem-on!!

Phew! 50 pages, any chance of a summary? OK, well it looks like my weekend reading slot has been filled.

I will read and give the most constructive criticism I can; you've said tear it apart so here goes nothing :-)

Cg

Hahaha agreed :P

If you’re like me it won’t take that long to read! You can get all the structure details while skimming the code & calculus examples!

Summary is that anyone can create a token which can be distributed according to a variety of ICO rules, and/or can further be distributed by voting, as with STEEM/SBD (voting rules can also be somewhat customized and don't have to exactly match those for STEEM). There is support for internal markets.

Content can earn STEEM/SBD and in addition up to two SMTs. Presumably that sort of setup would be managed by UIs.

Awesome, thanks @smooth, that sums it up nicely, it'll be nice to start reading with that info in mind :-)

Though on the face of it, it seems like a good idea because it'll be good for Steem . . .

Cg

hahaha was thinking the same thing!

Well, ​I guess I can't sleep tonight to working on this! Excited :)

All that reading to do :D

¿habrá alguien que explique esto en español?
Will there be someone to explain this in Spanish?

use #smt for discussions and posts

Super exciting smart genius economical progress~ 👊👊

Onward and upward !

I first thought you were launching a new coin...

After scanning the whitepaper quick I think I get what your doing now. Your basically allowing any sort of token to be created and secured through the steem blockchain.

I might actually find this useful for my website I plan to launch here soon. Upvoting plays a major role in certain functionalities. Using the Steem blockchain to create a token may be a good approach to reward users... I'll have to read more into this.

Thanks for the update. This certainly adds value to the steem blockchain.

Ok Ned, I'll do it

I knew steem was the right choice for my alt investment. Incredible idea and vision, I can't wait for the new age of the internet ushered in by ideas like this.

Great, so glad to see Steem is to be used not just on Steemit.com. Look forward to seeing a more broad use of Steem (SMT) on the internet. Thank you @ned and the Steem team.

this is my comment in (probably) epic thread

So this is what y'all were working on.

Looks paradigm-shifting.

Among other things! ;)

Community Liaison, Steemit

Pretty exciting!! Looking forward to see great things ahead!

It IS gonna be huge! Super exciting development. Can't wait to see where this can go and dig into what SMTs can do! Crazy exciting to think of the possibilities, I've already got a bunch of thoughts on existing platforms that I'd be excited to help bring SMTs to and some brand new plantforms this could hugely help develop. Well done Steemit team!

Nice

Wow, the white paper would reduce fears of publishers who are no crypto geeks, cause now they don't need to worry about the operation of the blockchain, but rather focus on what they know how to do best - creating value for their community. Great work.

This is big news for steemit! ERC-20 doesn't stand a chance vs SMT Oh crap look at that candle on polo lol Slow down I need more steem!!!!!!

I love that you are willing to learn and grow by risking massive failures to achieve massive success. #witness

what a great development. Am so happy to be part of this einning platform. Am a starter on steemit and am enjoying it.

White paper looks really interesting on a 1st skim.

That video tho Ned, there was a second there when I thought you were going to deliver the whole pitch with your eyes closed 😑😂

LOL! I perceived it as a good natured bracing for the criticisms and tearing apart to come! Sort of an extended flinch...

Ha yes i guess it like first day of school as a parent, putting your baby out there in the world for the very 1st time. Terrifying and exciting!

This is amazing! I haven't read all of the white paper yet but I'm loving the free market at work here. Also, the ability for us under dogs who struggle to get a move on and upwards with creating a living here to have more chances to do just that. #ned thank you!

Woot. Well said!

Okilly-dokilly Ned, we will read the whitepapereeno!

Truly amazing!

Nice video.

Steem to the mooooon!!

This changes EVERYTHING again just as STEEMIT did.

Wow that's a wonderful innovation , it opens so many opportunities and it's such a big step up. Wondering which kind of apps will be most suitable

Wow, this will change the face of social media. I also look forward to the increased attention to Steemit this will garner as the public discovers all of the lost hours they have worked for Facebook for $0.

Awesome!!

Really good news, I am amazed each day what this platform brings.. THX all

This sounds incredibly promising!
Cryptocurrencies and tokens seem to be the future, and there's seems to be no way of stopping them!
Great news guys and keep up the excellent work!

this feels like something huge. I am happy to be part of it somehow...

Now steemit and STEEM will have more weight on the blockchain and a good repercution.

Well the white paper will take me an afternoon or two to finish it, so when I'm done I'll leave a proper comment about it.
But, I still feel that this is the right path, that you and your team allow people like me who didn't knew a thing about cryptos a year ago to be here making a comment about what seems just like the bright future.
congrats @ned !! :)

Another token that promise a good future to everyone who did share value to the community.

This is huge news!! the possibilities are countless... its like the Bancor of communities!

[IMAGE: https://steemitimages.com/DQmTKfJQqHJNycG9mdy9uBC1K73bTdamNA3QZRASeaDur1P/image.png]
https://steemitimages.com/DQmfXyKGbYSEWzkriJ7jHPQ36TDV1CTrGgZSBcBjveo32jz/image.png
This is very interesting. I look forward to 'reading it and tearing it apart', as you have requested! :D I, and I am sure many, many people totally appreciate what you are doing here for this incredible community @ned.
https://steemitimages.com/DQmfXyKGbYSEWzkriJ7jHPQ36TDV1CTrGgZSBcBjveo32jz/image.png
Thanks for everything. I can safely, and undoubtedly say that Steemit is the absolute best platform I have ever come across. Totally grateful right now, and I look forward to the future of all of what is happening right now.

You had to buy a 15$ vote for that?

I never bought a vote? :D What you mean haha

Besides, what was wrong with my comment lol?

Edit (after 30 minute wait): I am honestly very curious to know what was wrong with my comment :D Looking forward to know why you took $15 off my comment that was clearly (I could be wrong) going for a good, kind intention.

15$ upvote from @Photobomb, a vote buying scheme.

I know about the service. But where did I send $15 to photobomb? :) You are punishing me for assuming I bought an upvote.. Which I didn't :D

Does it look like I am trying to cause any harm here haha :P You know me bro. We used to talk on chat :D

It was a free vote. No problems here.

Upvote my post

No offense transisto, but I am just curious. Isn't almost everyone on steemit using bots and all to upvote their content. So what's wrong with this case. Just want to know so I don't get a downvote down the lane.

I agree with your question :) What is your opinion on this situation?

I am just open to opinions haha

How much Steem should this guy have bought and powered up for 3 month to be able to shove his face up there with 15$?

Answer about : $180 000

So only those who buy steem have the right to get big upvotes! It can be argued that his post was spam or not, but I think downvotes only bring disappointments and hatred on steemit. Probably things which are really offensive, fake, plagiarism etc. should be downvoted. I feel sad to see posts/comments being downvoted, which could be avoided by probably discussing it with author.
Just my opinion. Of course, it's your power, so it's your use. 😊

He downvoted because no one gives a fuck about your stupid pictures trying to get attention from ned

Try saying something interesting that adds value to the conversation instead of wasting everyone's time

Interesting. Thank you for your opinion :)

Just saying, you can go and check my comments all over this platform, 70%+ of them are with my pictures I designed. If you think I was doing this to get attention from Ned, you are highly mistaken. I did alost nothing different with this comment as I did for the rest :) But I will take it as a compliment if you think I am 'trying to look for attention' :) Because I ain't

Simply being nice.

Don't be rude.

I sent you 1sbd and you haven't upvoted my post yet

It's true that his post added nothing to the conversation, why did you feel it was a good thing to Pin it up there with 15$?

Sometimes it's better to be real then to be nice. His post adds 0 value to the discussion, just more static.

No one wants to scroll through a bunch of shit posts to find the posts actually worth reading.

@enazwahsdarb if you really want the pictures to add value make them reusable - a generalized cartoon character saying "Stay Awesome" that others could use on future posts

Thanks for your insight. I appreciate your opinion.

@photobomb
More than 30 hours now you still haven't upvoted my post

Nothing wrong with the comment, although I'd say the repeated oversized signature image is unnecessary and looks kinda spammy. Just drawing a parallel to advertisement billboards plastered all around town. Just a matter of preference though.

Mmm thanks for your point of view. I honestly did not think that it could look spammy :D I assumed they were a sign of a compliment as each one was unique to the user.

This isn't just some copy/paste of the same file.. I need to render each image. It takes time haha. Again, thanks for your opinion :)

Oh I just have a pet peeve for large sigs that take up my scrolling time lol :) opinions are like assholes anyway

Hahaha nice one :D Checked out your blog by the way. Why don't you post more often? :)

Im asking myself that as well. But its been a few months that i felt disconnected with my communication of ideas. Its flowing back again!

>Its flowing back again!

You better hope so! Get that sh*t rolling again bro! :) Get that motivation.

PS. Just go read my last few posts lol (anti-promotion), but legit, you might get a real kick out of what you read. Talk soon. Let's go for GOLD!!

perfect job... good business .... Steeam ON!!

i think the same, we will looking forward....

Cool video

It is possible to stimulate future users much of their own icons

greeting @walidsalah

Great website, love the look of it! Seems to be the next best evolution of the platform and easiest way for anyone to start their own currencies / communities in a way that makes sense for any projects out there.

[IMAGE: https://steemitimages.com/DQmaFTfngQ4HjRoMMSUTMmXE5TRPBZd6WYTyvR5b7Se4cky/DQmPbvdBA9hibXKmZ1j8KgQB3cvhXeD9zhBNQnKrBuXRWrn_1680x8400.jpg]

Ohh..good ! You have an game changing mind ....we don't need to say that you are going good....
Now sites can launch there own tokens and this is an pretty awesome thing...looking forward to you
Great post as well as mind.....

Wow this is ridiculously huge news

To the moon!

I was just wondering why the price of steem was skyrocketing and the volume had trippled, now I know why, this is HUGE!!!!!

Thanks for this, Ned. I have quite a few ideas of ways to use the SMT system for some upcoming projects. I'll do some research around it and make a few posts soon!

OMG! This will be a game changer ... one more to the plate apart of Steemit itself hahahaha. Was talking with some friends yesterday about this, wondering when they will come and ... here they are, SMTs for everybody. Will check the white-paper asap!
Looking forward to see you again at SteemFest 2 man! For sure very exiting times ahead @ned! 😎

Now sooner or later Steem will be heading towards the 10$ mark.

$100

Interesting articles @ned, long you did not make a post, this is amazing.

Thank you so much for the development team! I believe, with SMT could make steemit become much better platform. Can't wait to see the prize of steem explode in market! Time to invest in steem.

I'm going through the white paper at the moment and I'm excited at what I've seen so far. This stuff is definitely going to be huge for steem. Runs back to white paper

Man I love it.. what a kind surprise for us at this day.. I also wanted to share this great news with my followers https://steemit.com/smt/@rival/smart-media-tokens-smt-steem-is-the-engine-for-the-future
STEEM IS THE ENGINE

This is massive will try to read the whitepaper asap!

Now this sounds exciting!
Some really exciting times ahead =)
Resteemed!

This is the best social media idea I've seen. To branch out is to become more resilient.

It is a conceptually interesting advancement.
Is it a risk or a feature though, that this could facilitate a fragmentation of steemit into smaller sub-communities? (Each with own interest and corresponding coin)

I'm certainly curious about the implications

I would definitely count it as a feature. Too many people have been focused on the success of Steemit.com and not the Steem blockchain itself. It was necessary for Steemit Inc. to create a working proof of concept, but the potential is much more vast. Every time I’m on a site with Disqus or Facebook comments embedded I think, “That should be Steem...”

I agree, the technology entails more than just the steemit community.
In addition to that some form of separation would be needed anyway at some point. Above a certain user count any blogging feed becomes effectively impossible to follow

All of the content that is eligible for SMT token rewards will also be eligible for STEEM, so STEEM will be the token that unites all of the content on the blockchain.

Does this mean steem owners will be able to vote on content from a community that uses a SMT?

I've read earlier that ICO's will be funded with STEEM or other cryptocurrencies.

Imagine if ICO's on the ethereum blockchain could be funded with bitcoin, no one would convert their bitcoin to eth and the price wouldn't be where it is today. The smart thing they did with eth is that eth and only eth can be used to do ico's.
I don't understand why @ned wants ICO to be funded with other crypto other than STEEM...if you have an idea?

A really good question!

I am hoping you are going to be at SteemFest any chance you can tell me?

Posts that receive SMTs will be eligible for SMT rewards and STEEM rewards. The STEEM rewards will still be based off of vested SP (the same as it is today). The SMT rewards will be based on the vested SMT balance of the voter. Also, SMT creators have the option to allow a portion of the influence over their rewards to be controlled by vested SP.

It sounds like other cryptos will be supported to an extent but it is not the primary use case.

> ICOs using non-STEEM contributions -- for example, SBD, BTC, ETH, etc. -- cannot be done fully automatically on-chain. However, such ICOs can be managed by manually transferring some founder account's distribution to buyers' Steem accounts in proportion to their non-STEEM contribution.

There is still something that's not clear to me. Do SMT users need to have a steem account? If yes/no can you explain why? Thanks

Yes. All SMT tokens will be within the Steem blockchain, and the accounts that they belong to will be the same account as your Steem one.

So for example if I want to send you XAP coins ( appics ) I will just send them to @timcliff. Steem accounts could have many different SMT's in their wallet balance right?

Yes

I think this is the part of the whitepaper most people would be interested in:

Use Cases

We have identified five ways in which existing businesses and future entrepreneurs can
leverage specially designed SMTs to transform the internet. Among these use cases you
may discover other ways of structuring and leveraging tokens inside applications. This list
is by no means exhaustive, and we will update this paper as more use cases demonstrate
their value.

1 - Content Publishers - Single Token Support
A mainstream media website’s growth has been slowing and they are looking for ways
to get ahead of the changing tech landscape. The website migrates to a Disqus-like
application based on Steem, or taps directly into Steem APIs for a custom integration.
Now their subscribers can be rewarded with cryptocurrency while commenting. When
the website is ready, they can issue their own token through the comments interface - the
token will allow them to 1) raise capital by selling tokens 2) catalyze autonomous growth.

2 - Forums - Multiple Token Support
An up-and-coming forum business is looking to integrate cryptocurrency to create cash
flow and spark growth to get the business to the next level, however they are not cryptocurrency
security experts and would prefer not to host a cryptocurrency wallet. They
issue an SMT and integrate it into their website. Focusing solely on the social aspects, the
forum business can integrate other applications, such as SteemConnect into their forum
to handle the wallet and transfer capabilities. This allows them to focus on their business
(growing communities) without focusing on the security aspects of cryptocurrency. The
forum enables additional tokens to be exposed or launched, to represent specific topics
of discussion. The ability to launch these tokens can be retained by the company behind
the website, or granted to the website’s community managers. Tokens dedicated to the
website’s specific topics will further spur autonomous growth of the website niche by niche.
An example of this multi-token model could eventually be found in organizations such as
ChainBB (chainbb.com) if it were to enable its own globally available token on its domain, as well as narrowly available tokens for specific community niches - such as “gardening.”

3 - Comments Widget for Online Publishers
One of the ways in which publishers will be onboarded faster to SMT integrations is by
offering a Steem-based comments widget that can easily be integrated into existing blogs
that are built on software such as WordPress and Blogger. The developer employing
the widget would be able to take a percentage of the tokens (called “Shared Rewards”)
distributed to the commenters for themselves, thereby creating a business opportunity for
the next generation of Disqus-like companies that are cryptocurrency enabled. It would
alleviate the burdens of transaction signing support, private key management, wallet
functionality, and hosting costs for the publisher - by outsourcing all of these functions
to the comments widget maintainer.

4 - Sub-Community Moderators and Managers
Imagine you are a moderator for a specific topic inside a forum, such as a Reddit “subreddit”
or a Steemit “community”. If a website integrates SMTs for these specific topics,
then the topic moderator/s can launch these tokens to empower the subscribers of their
topic, raise funds, and increase the quality of content curation for the community.

5 - Arbitrary Assets - Tokens Representing Real World Assets
Let’s examine an instance in which an entrepreneur is looking to provide liquidity in the
Steem ecosystem. The entrepreneur can issue an SMT without inflation properties, and
imply that they will provide structure to peg it to USD (or any other debt, contract, or
asset), making it like an IOU or basic derivative. The structure they provide to the asset
includes buying and selling it near $1, similar to Tether. The entrepreneur sets up bank
wire capabilities for buying and selling, and takes a small % on each transaction. The
derivative trades against STEEM, and also brings capital into the ecosystem to be used
across all tokens.

How about businesses doing ICOs on Steem blockchain? Is this use case being conisidered?
Steem could be a perfect platform for ICOs, with no trade or transfer fees, built-in decentralized exchange and communication platform included.
To make SMT attractive for companies that want to do ICO, it will need to support all the features of an ERC20 token and maybe some others features like white lists, black lists of holders, distribution plan (think EOS distribution)..

Great question.

I would hedge it is because Ethereum is still great for things like ICOs, where you would want some transaction fee to prevent things like high-frequency trading. As a company, you wouldn't want people to sell your stocks too easily or too cheaply, as that discourages long-term investment.

But for uploading and retrieving data, you want that process to happen as quickly, and as cheaply as possible.

The incentives just aren't the same.

See my other reply. The case of ICOs is definitely considered and discussed extensively in the white paper. Many ICOs can be accommodated by the blockchain itself and the rest can either be done as offchain distribution with a script or are not a good fit for SMTs.

check out the whitepaper, it's in there and comprehensive!

This seems like HUGE news... Does this means that any social media can give tokens just like steemit does?, do they have to build a blockchain?... There are so much questions...

Any website will be able to integrate an SMT just like Steemit integrates Steem. Reddit, facebook, The New York Times, 4Chan, etc. No blockchain development necessary. It's all powered by the Steem blockchain so that platform owners and managers can focus on what they do best: create content.

Community Liaison, Steemit

Yep!, i just gave a quick read to the whitepaper... This is CRAZY HUGE, if this works as its planned, we are in the rise of a new era, and hopefully steem could moon higher than we ever dreamed about...
Really exciting news...

Is this like an ICO but less messy and more focus for web content? i dont understand the technicals =0 Can someone clear the benefits in plain english? thanks in advance =)

Great question! Nope there is no ICO. This is just a whitepaper (basically the "blueprint") for a protocol that enables other people to create their own Steem-like tokens. This is an open source technology that just increases the utility of the Steem blockchain for developers and makes it easier than ever for the owners and managers of online platforms to monetize by creating their own cryptocurrency with the power of Steem but custom tailored to their application and without the need to build or even understand blockchains! People will be able to launch ICOs for their tokens, but we won't be. This is all powered by Steem.

Community Liaison, Steemit

"People will be able to launch ICOs for their tokens"
Do you envision this used by media sites, or will this be useful for companies considering which platform to do an ICO on?
Will SMT be tailored to media tokens or are they going to have all the features neccessary for a business ICO?
(distribution plan, white lists, black lists, other ico related options..)

They do not have 'all' features of ICOs but they do have some features, and work well for vanilla ICOs without special rules. Other ICOs can be handled manually or with a script. I've noticed that even with ERC-20, there are many ICOs that use a script to distribute the tokens after ICO rather than having the smart contract do it automatically. This protects against coding errors, unusual circumstances, etc. Of course there are some that do distribute by a smart contract according to complicated rules and those are not currently a good fit for SMT.

Do you know if there is forum or chanel to discuss SMT white paper?

This is a great idea.... but like WAVES it will be easily abused and I can already imagine ~~hundreds~~ thousands of posts of people promoting their own tokens and offer promises that are (plausiable but) hard to fulfill and they don't intend to do anyway....

They won't only get ~~hundreds~~ thousands of votes for these fake promises..... the platform will be flooded with these scams that we won't know who's legit anymore...

@Ned I hope you can find a way to prevent the abuse of this.

The market will sort it out.

People generally won't bite on the offer unless it comes from a high rep account, with a history of posting on Steemit. And if THEY scam, their reputation will plummet and their account on Steemit is as good as dead.

That's my take, but I could be wrong.

Very well put. People creating SMTs can use their reputation on Steemit as proof of authenticity, so to speak, by maybe making it part of their marketing strategy to show their account as proof of who they are and what they want to achieve. From what I got from glancing at the whitepaper, it appears that any STEEM account can create tokens, but they recommend creating a different account for that. I'm still digging deeper into the whitepaper but this is what I've learned so far.

Abuse prevention and management features definitely will need to be thought of and implemented along with SMTs.

This is amazing! The more I read the more excited I get. I knew steem would be a world changer! They way I am described by this to friends is "Think of something that is free on the internet. Now monitize that."

hold on let me think of a generic comment pointing out the obvious so I can get in all this comment-upvoting action

That's a really great comment you made. Keep up the good work!!

Not sure about this. Makes the whole process more complicated, in my opinion. This is just my first impression.

Very interesting :)

@busy.org + SMT (Busy Token) = moon
https://media.giphy.com/media/14jRWmyHsokyOY/giphy.gif

We're definitely on it with Busy

Busy (moon)rocks!

Can't wait for this to go into fruition 😀

Can we start last week?

How I´m feeling right now
https://media.giphy.com/media/xT8qAY7e9If38xkrIY/giphy.gif

Thanks for all the hard work @ned the community is obviously stoked and grateful which is great!!

Cant wait to see how this unfolds and benefits us all!

Moon rocks are busy? This sounds steemy...
I'm off to see the wizard read the white paper!

hahahaha good comment ;-)>

Ned this is like being on the crew of the first Apollo mission.
Yes the Moon does Rock! And so does the Mind that STEEMs!
Thank You for being brilliant!

follow me

I approve :)

<3 Busy.org

@ned, what features are coming that will help people publish e-books on Steemit? I have one novel and another one coming, and Steemit could be a great way to profit from my efforts . . . but not at the moment . . .

That's a good question and I've been thinking about that. I think an app like Wattpad will cater for this need. It will have STEEM integrated into it obviously through a Smart Media Token. I'm pretty sure that with time, someone is going to develop it. We are still in the early days and a lot of new products will pop up in this space like how dTube has been developed as a STEEM equivalent of YouTube

good news, but it is like what EOS would do?

no clue if that platform really exists, but if that platform is "application-general" like Ethereum, then its strengths and pitfalls are covered in the paper like all the other "application-general" platforms. Essentially, a comparison of CPU versus GPU and Microsoft versus Apple combined, and Steem is more like GPU and Apple.

When I grow up, I want to be like you. Knowing you for the first time after a month here. Greater height boss.

I live in another dimension, or I will wake up in a couple of minutes...

I hope you are right, i'm almost all-in on Steem! we expect an awesome 2018, keep the good work ;)

Same question. I believe there are some major differences.

Awesome Ned, I remember you talking about this a few months back in steemspeak. Great progress, and excellent work by the steemit development team. I look forward to continued updates on the other announced plans. Very very exciting times ahead.

This is a really cool project ned, this is possibly the closest Steemit can get to UIA!

Full steem ahead :D tip!

http://i.imgur.com/sAg9ypb.png
Hi @ned! @cardboard is sending you 0.11 SBD tip and @tipU upvote http://i.imgur.com/UwA0sjo.png :)
@tipU - send tips by writing tip! in the comment, get share of the profit :)

Holy Sh*t - this is amazing! Just read the whitepaper and it sounds too good to be true.. but this is when old standards are broken and new ones introduced!

So did Steem when it launched ;) The truth is that making the decision to pursue an application-specific approach (e.g. Apple) versus an application-general approach (e.g. Windows) is what enables everything from 3 second block times to fee-less transfers and now SMTs. By focusing on what matters for real app developers and not everything that is possible to enable we are able to accomplish far more with our protocol. And by "our" I do mean our: the Steem community's blockchain. We know implementing SMTs is possible, it will just require a lot of engineering work by our blockchain wizards who are absolutely mad geniuses, witness support, and community support, but certainly do-able.

Community Liaison, Steemit

This is great news. Already we are seeing some positive reaction, in a few more steps into the development Steem and SMT can be really huge. This may be the best innovation in this space since BTC in '09. I am new to this still, but confidence is surely building up. Thanks to the dev team, the whole Steemit Inc. and the entire community.

That is awesome! I really like the approach you are taking in asking the community to review and "tear it apart". We have a lot of smart people in the community and if it will stand the reviews this thing will sky rocket and the steem price with it. I will read through it now as well. Thank you!

Such a great news and thank you for all you and your team' hard works! steem on!

i'm a noob, but what's different from WAVES and BANCOR? Thanks.

Steem is platform with no trade or transfer fees , with built in communication and social media features.
Add to that 3 second transactions and scalability to tens of thousands of transactions per second, so able to support large number of users.
Can Waves or Bancor do that? No. Nor can Etherium, Bitcoin or any other crypto I know of (Steem clone Golos can too)

Steem is already working empower users. It's focusing on social networks.

This is huge announcement.
I say BUYING STEEM is a GO.

You've made my year @ned! I heard you speak about it on Steemspeak and was left extremely enthused. Now I'm glad we've got a whitepaper for it and a general timeline :) This is gonna be big. I'm diving into the whitepaper now.

This news should be spread out as far as possible. I hope to see this announced on sites like coindesk.com and cointelegraph.com... Perhaps you could send a press release or something, and if there's someone here who can get the websites' attention on this development, I ask you to do it.

Hopefully the adoption of this system will challenge platforms and their users alike to build truly incredible communities. I can't get myself too excited that it will significantly ease the hateful nature of comment boards though. Rewards or not, people are still, sadly, people.

Very interesting idea, Authorship is a similar token which just had their Airdrop, I was wondering will there be a airdrop or bounty program for SMT?

I wonder if this does make airdrops an option here

Let the critique begin. This is how communities should work

excellent work!! I think that this social is the best in absolute! And i am happy that people can monetise all kinds of websites!! wow, good job!

Use cases
Page (7-11)

[IMAGE: https://steemitimages.com/DQmdLbyuzdJh7uPEdwQpFvysDC8Bs3dmsdb61SeRQEJnJJU/image.png]

I woulda went with UGOGURL as the coin, personally ;)

Wow! What a great news! Hope it will lead Steem to number one cryptocurrency in the nearest future!
[IMAGE: https://images.golos.io/DQmU5AdeUkFsaVYntGrgF7B9tHJjZQxAZmyPCY5qnR3oaeq/Dunsky_Upvote1.jpg]

Are we able to make our own tokens yet? Or is that still yet to come? I've been wanting to for a while using ETH, but I'd definitely prefer my coin to be more like STEEM is and to run on this network instead. Love the concept, sounds extremely useful! Great work!

Still to come. The proposed release date sounds like sometime early 2018.

Hi ho, hi ho, a white paper reading I go!!

@ned I am curious whether you remember, when I first time told you about idea of multiple tokens on STEEM, during our lunch on Steem Oslo Hackathon :)

It looks like dreams are finally comes true :)

Is there a timeline for when this will be rolled out?

Can you guys imagine google or some huge platform creating their own token using this?... Man that would moon steem even higher than BTC itself...
The possibility are endless... really exciting news!...

Do I understand correctly? The 7 day limitation for content to earn money is optional and payouts can be continuous? (cashout_window_seconds = 0???) I'm not that much into it but I consider this limitation to be a major drawback for something like a steem-based stackoverflow for example. My reputation on this site is constantly growing because of posts I made years ago. On steemit.com this would not really add value to my account. I already thought about a stackoverflow like UI for steemit.com but rewarding a really good answer/comment only for the first 7 days, although it helps people over months and years, doesn't seem to be fair.

Maybe SMT solves this... interesting for sure!

A program from you Ned, hopefully Smart Media Tokens can be relied upon by the community of SteeMit all.

This kind of attitude is what I hope will be steemits saving grace. There are still a ton of problems on steemit but by asking the entire community to "tear it apart" when there is a new feature, you can mobilize the entire community which consists of tons of brilliant minds who could potentially solve any problem. Engaging with the community on your part is why I believe that as long as there is crypto steemit will make it's way to the top 5 and stay there.

I hope that one day soon you mobilize the community to come up with innovative ways to prevent (or better yet, reverse) a similar distribution of wealth as that of society at large. Will these tokens help? I guess I'm about to find out...

Thanks Ned.

I like how you think.

everything that human produce follows the 80/20 rules, any attempt to change that reality is bound for failure.

Wow .. This is a remarkable development for steemit. although only a few days I joined, but saw and read every reference about steem I became more confident for the future with steemit.

Especially in terms of development and advertising that will fill the wall users, of course this adds extraordinary income.

Good luck. This is our hope @ned

I strongly believe in this vision of rewarding creativity and intellect. More grace

I am surely thrilled. Thanks.

Greattt... I am seeing good future ahead. Thanks.

Is this what development has been doing instead of working on the site?

I think this tweets speaks for itself..!! Stephen

https://imgur.com/SGrfXaE.jpeg

@ned interesting information
yes i will membaritaukan all my followers about the recommendation of this application.
may be useful especially for me personally and should all users steem

time to buy more steem. .

great.. now i know why steemit going u

i need to read all of whitepaper content, interesting !

and already join the mailing list

WOW excellent information, thanks @ned

Great work! Hopefully we will see a lot of sites embracing this system of reward. This could hopefully reduce the number of trolls and haters on the internet while launching the price of steem through the roof (: Resteemed for support!

This is maybe the most amazing news I have heard after all my time on Steemit. Dtube, dsound and now this? I've never powered down and this move proves I did the right thing. IMO, every "steem" token is precious and should be treated so.

See you on the other side of $10 Steem soon. :)

Amazing. That sounds like a game changer.
Resteemed :-)

This is awesome news. This will change monetization of the internet as we know it.

wow. Amazing.

Still reading whitepaper but Is it possible to make tokens that reward other metrics of interaction (comments/views/shares)?

Short answer is yes, using centralized or decentralized distributions. It's more straightforward to do centralized distributions, similar to the way BAT may do it, but there appears so to be great value in decentralizing distributions from a trustless (user safety/confidence) and regulatory (FinCEN) perspective so I came up with Reputation and identity oracle mechanism that can be fused to an SMT's Proof-of-Brain distribution system. It's covered in the paper briefly and I think I'll expand on this question in a video q&a soon

Damn, maybe i made a mistake buying KIN tokens -___-

Great concept. I have been experimenting this in a different way by connecting to steem block chain. one thing I noticed is user behavior changed...not in a good way. I wished there was a reward scheme that can be customized to experiment this more. SMT opens up more avenues to try this out

Rock on Bring it

Sounds interesting!

Wow this is awesome news. I can’t wait to see more great things coming for Steemit and this is going to change so much and be a great benefit for everyone that gets involved with the new tokens. I can’t wait to see the development.

Haven't read it in dept yet but looking at the table of contents I'd say it lacks what all systems lack: A fine-tuned downvoting system. Usually, you get nothing (facebook) or you get the hammer (stemmid flagging). There needs to be something in the middle. Something which I can use to tell the author that he's got good points and put effort in his work, but I don't agree with it. Or that somethings lousy worked out but the direction is ok. At least it should be better than the flagging system that steemit has right now because I cannot differ between plagiarism and stuff I'm really not ok with.

The websites that integrate SMTs will have the option to filter/display content however they would like. It is well within the specs for various UIs to introduce their own forms of "thumbs down" without influencing rewards.

Very interesting, good post and I like, hopefully the next post better with a more perfect idea. follow me @pojan, Upvote and give a positive comment for me.

https://steemit.com/introduceyourself/@pojan/the-next-introduction-for-me-introduceyourself-2017928t182549442z

This looks like a lot of great info...for those that are tech savvy...but for those of us that aren't, its just confusing...at least it is to me...so I'm sorry I'm not going to be any help in regards to offering insights on where the holes are.

Have a nice day. :)

Very exiting news.

This is the biggest step taken by @ned
This will revolutionise the process of blogging, commenting and upvoting.
Can't wait for the launch!! 😀

How can this be implemented in the IRC community? IRC and blockchain :-)

Awesome time to be !
Thanks @ned for extending and bringing this idea. Truly it's a game changer and helpful to many.

@ned This news takes Steem to ORBIT

you just nailed it !!!

I am so happy today...

> SMT_UPVOTE_LOCKOUT_HF17 : Static – This value locks out upvotes from posts at a certain time prior to “CASH OUT”, to prevent downvote abuse immediately prior to “CASH OUT.”

Page 41

Is that true? I thought *_UPVOTE_LOCKOUT_HF17 was to prevent upvote abuse by only allowing downvotes for the last 12 hours before cash_out.

This has me confused too... Is it the new votes or the old votes that are being locked?

Great work, guys!

Is it something like whaleshares?

Amazing Post buddy! Loved the way you did and conveyed the concept.
Upvoted and Resteemed

Excellent work.

It's invention like Google Adsense 2.0, with worry-free, effortless approach to reach out the croud & empowers to create monitized Facebook 2.0...!!

Nice being part of Steem family..!!👍

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A question about the 'automated market maker' that provides liquidity.

Will this be a requirement, will anyone making a SMT need to provide this.

If it is that will lead to a lot of STEEM being locked away and make it more scarce and therefore more valuable

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YES, YES, YES! :-)

Thanks Ned, and team, awesome achievement, this is great news!

from time to time, steemit growth is very rapid, so need a step that is telling, let alone the user increasingly many every second, hopefully steemit will continue to grow and become the greatest in this world.

Great News ! STEEM 2 da moon !

Sorry I'm still a little lost, how do i create a SMT?

This sounds like Steem could become an underlying protocol technology for rewarding all social interactions on web. This does make ones mind race.

Ned, you're on to something here.

Will read the whitepaper tomorrow and make a proper comment after some thinking.

And maybe coffee shops and restaurants would have them too!

Kind to your server? Here's an upvote for you! :D

Why not. We should able to upvote anything, anywhere, making Steem the ultimate tool to reward and get rewarded for doing/sharing something of value.

Ned,

Impressive.

I may not have understood it all but I would like to share my thoughts.

I like this idea, at first I did not quite understand, but effectively every interaction on the net can produce two tokens. One for the content producer, one for the content reader. When I rate and article on steem, I give more tokens to the writer, when the article becomes more popular, the steem computers give more credit to me. At times some of these unneeded tokens can be discarded. But is a simple concept.

I like how steem has eliminated the “internet comment troll” problem. I like the idea of expanding that type of steem presence –and good behavior all over the web. Privacy could be an issue.

I think creation of the smart tokens should have a short data fields. (Like a twitter tweet). This could allow several things.
1) verification to stop abuse. (Include time stamp, URL, time spent reading the article, has of above data ect.
2) More data fields. Facebook likes are good, but are not appropriate for every situation like when someone dies. Upvoting is good, but is not always accurate. Good content has multiple characteristics. Is it well written? Is it true? Is it said politely? Is it quality? Allowing every token/vote/interaction to measure these on multiple levels would allow for better cureation.

I like the idea I could read on article on the starving African Children and immediately like and send money to the organization to support their relief efforts. My reading the article, upvoting and getting a token as part of the field the children campaign is good.

A downside to this is the fact that so much of our media is clickbait. Donate now to stop the principle who banned the black child from prom because of a T-shirt. Unfortunately, a lot of situations are extremely complex and require deep analysis which this instant feedback discourages. (Syria, North Korea, Wars on Drugs, racism, poverty; these are a few examples of deep complex not easily solvable problems clicking doesn’t fix.) Most problems -we still have- if they were solvable with a click would have been solved already.

People could both collect the tokens as they surf the net, (I now have 2,300 techno family tokens I am a real nerd!) and sites could give out the tokens. (Vote on the next flavor or oreo cookie and get a token redeemable for a free package.)

I like it. I think you should go forward with it.

UPDATE: I sent emails to coindesk.com and cointelegraph.com informing them of the announcement made by @ned with a link to this post. Hopefully, they will feature this development on their sites. Spreading the word :)

Good job man. I am in :)

Really interesting and I think groundbreaking development. It will be interesting to see how this plays out in different markets. I will keep an eye on it and possibly utilize it.

"Move over Ethereum, Steem is about to monetize the whole internet."

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You do NOT have 350,000 USERS! MAYBE 350,000 accounts but anyone looking at the site, or data (which you obviously don’t), who isn’t mentally handicapped, can see you’re 100% full of shit.

Trump may be able to pull of the constants lies, but you’re failing.

For better or worse, I doubt anyone will take any of the claims you make in the comment section seriously at this point unless you post the actual numbers and sources.

Frankly I don't care about the total users right now though. We're no where near counting our money. Still sitting at the table.

Changing the game!

I am spreading this great great news. Steem will change the world

Holy cow...ERC-20 token kind on Steem? The genius is out, wait wait wait. You can't launch a product like this without a party @ned.

okey @Ned :D

I know that this was a hard way to get here.
But it was worth it.
Really good work to the whole team.
Just go your way, this will change the Internet completly.

It's about time to smash the outdated paywalls to shreds!

@ned As I prepared to log in today, I mused about the persistent number of zero-valued upvotes from ‘generously’-supportive minnows.

As a new member of Steemit, I am consistently thinking of ways to make the platform more attractive for users. While there are in excess of 300K members, only 10% are logging in on a daily basis.

Today, I surmised that finding a means of increasing the ‘power’ of the minnows is imperative to successfully growing the community; not just in number; but, in activity.

Fastforward a few seconds…

As life, (aka God), would have it, my musing, and consciously refusing to get disheartened by the zero-valued upvotes, your post was the first one in my feed. It is then that I realized the synergy of it all.

Individual tokens would be an opportunity for members to grow their brand with the bottom line for most being…increased monetary value.

Thanks for this post. I will Resteem this post; and await a fellow-Steemian's 'Top-10' takeaways of the whitepaper in simplest of terms. If I can offer any suggestions, I won’t hesitate.

Best regards.

Peace.

History in the making.

Amazing what your announcement does to the Steemit community! I just feel this is huge although It is beyond my understanding as It is far too technical and in-depth for me. But nevertheless, I am super happy to already be a part of this community and to call myself a Steemian!

i do not think it is going to fail. Ill go and read and get back to you

Innovation and design thinking at its best...I am amazed on the amazing thing our steem community can creat and very glad that I am part of the steem family...our future is indeed very bright...Thanks for this @ned I really like the white paper...and hope that the implementation will go well. I will love to help in the marketing (will do for free)

this has blown my mind! Great work! I really need to wrap my head around it so I think I need some coffee before sitting down to the white paper lol Exciting times ahead!

I'm engrossed in the Whitepaper right now... I don't think I'll be able to tell you how this will fail... on the contrary, Let the STEEM SMT SYNERGY begin! :)

Awesome!! @zurvanic introduced us to SMTs at our recent Steem Saturday event. Exciting times 😁

This is truly a milestone achievements. This will indeed blaze a new trail in Steemit and the world of crypto at large.
Great work. More grace

Great stuff! an absolute game changer.

> Leaders become great not because of their power, but because of their ability to empower others. - John Maxwell

What a groundbreaking plan. Wow... Have read the first 12 pages (leaving the owner's manual for the devs) and really love the idea.

Now everything makes sense (even the beta logo) :-)
Looking forward to hearing more about the approach in Lisbon!

amazing, I think it's a very good and important token, and it will succeed for sure, because a lot of people have a traffic and they don't earn from it, I have a little traffic and I want to earn good money, so let's do it, create it and let's buy it !

whitepaper TD:LR?

With the increased workload that this would cause the network will we need to scale and are there scaling plans in the works

Before I saw this news, I was wondering why the price of STEEM was beginning to go up. Now I know why !

Nice! This will allow small businesses and entrepreneurs to launch their own token for small ideas they need help getting off the ground. It will also allow them to leverage Steemit to freely advertise and spread the word giving everyone and anyone a fighting chance to thrive.

I'm looking forward to the impact of SMT. What a good way to gain support of an already thriving and wonderful community

soon we will run out of names for the tokens XD

Steemit really needs to be simplified for mass consumption and all these tokens are what I consider Advanced Mode, but I was still willing to give you the benefit of doubt and check out SMT's white paper until I saw that it was 61 of the longest pages I had ever seen.

Each page meticulously crafted to ensure that acronym-lovers will promptly cream themselves while the rest of us say: Fucking gross!

Great to see more ideas that leverage on the steem blockchain and community

wow this makes a lot of sense to me. i am a newbe to crypto but in the last month my mind has been blown wide open. And out of all the different ico's and coins, the whole beautiful mess, Smart Media Tokens seems to be the shit!

White paper is too long. What is it and how does it work?

Through a combination of specialized designs for open asset-issuance, bandwidth rate limmiting as transaction costs, permanent-availability of content, real-time transaction speeds,autonomous distribution of tokens, decentralized exchange, automated market making and ICO contracts, Steem offers the premier token protocol for publishers across the internet.

This looks incredibly promising. The white paper is already setting out an extremely achievable goal when considering the implications of the technology, but the fact that they are seeking to find the potential pitfalls before it ever hits the marketplace only further proves the tenacity and resolve of this development team. I look forward to SMTs doing very well in the foreseeable future upon launching.

I see what you did there with the name SMT = SteeMiT :) I like it.

When I joined Steemit I knew it is going to be a revolution in social media. Now with SMT people can monetize all kind of content they create from different sources. Awesome job 🎉👍🎉👍🎉

I requested this functionality with one of my first ever posts on Steemit - I'll definitely read the whitepaper and provide feedback! Good move!

@ned, I'd been cooking up something like this in my head for months; I'd been envisioning it as a subchain, but making it part of consensus is almost certainly the right way to go. It's ambitious, potentially powerful, and now I understand why the price of STEEM just started rising.

What sorts of people do you have/need on the team for this? I have a strong background in automation and game theory, and this sort of thing seems right up my alley.

big fan of pocket here :) let's talk on steemit chat

Nice work much effort you put in there

Wow! Something to look forward to. Surely, that one can be helpful for everyone.

For my love of tokens ... this is great to here! This will be a great way to enable accounts to build value in themselves as a new form of blockchain branding!

Please be pure and simple.
[IMAGE: https://steemitimages.com/DQmXfwktKo9ggcKW21JbfboRhtpKbqU43vtB82qFVHmMbgD/to-Ned.jpg]

I am just a newbie a minnow but still learning thanks for #steemit

Thank you @ned for this.

so cool

BLAMO! Centralized internet monopolies beware: with Smart Media Tokens, publishers will no longer be reliant on privacy-invading ad networks. Very exciting stuff, Ned!

I'm looking forward to watching this project develop and hopefully implementing a Smart Media Token for our community of cannabis industry professionals at Ganjapreneur.com when SMT's are ready -- when I first discovered Steemit I thought, "This is awesome! I wish there was an easy way to replicate this kind of community/token model for publishers." Now I'm back to, "This is awesome!"

Amazing @ned, you are rocking! - Go Steemit!

Yo ,
Thanks for the great content

This will definitely shoot the price of steem higher, been observing coinmarketcap since the announcement, steem has gone up 19.67% already. Even on bittrex, changes are being observed, traders are all thinking steem (if you get what I mean).
Steem will even be above the number 1 slot very soon.

Looking forward to reading the white paper. This could be HUGE! Thanks Ned!

Will Smart Media Tokens have the ability to receive perpetual payouts, or do they have the same 7-day limit that Steem has?

Cool, interested one. Time to start a new day..

I have mixed feelings about this. One one hand it sounds like an exciting opportunity for us to launch our own tokens, and I dont think such a thing has been done before. But on the other hand, this just adds more complexity to steemit. Already it took me weeks to understand the difference between steem, steempower, and steemdollars; and now we are throwing in smt.

Excellent work from the steemit team. This is awesome as people can now monetize all kinds of websites, blogs and forums with this tech A complete game changer this

This could completely change the way we monetize our curations, making it a absolute game changer. AWESOME WORK!

Hi @ned It is not clear to me. Can you please share one more article with example or demo?

I’m gonna try to get to reading it soon. But initial concerns would be that our hardware like our smart phones and computers are not really secure enough for this sort of thing yet. Also, A platform like this is going to need an ownership and management structure I can gain the trust of the people unlike the modern banks. So I’m still going to propose an ownership structure that is 1/3 by the users 1/3 of the capital owners and 1/3 by the workers or something like that.

this is great..now we can monetize easily all kind of websites..

great job for the team,this idea is iniative..

Let's do this!

Goosebumps oh man I know of a few apps I use that I am going to talk to the devs about SMT this opens up so many possibilities. Man I am so glad I joined steem this month what an amazing community. I am so looking forward to all the creativity ways this grows. Oh man so pumped this makes my dreams come true!

good post....

Excellent delivery lead to out standing results indeed no doubt steemit has clear air fr young folk let us

Great work!hope to see much more content about it
upvoted and resteem

Complete game changer for all Steemit users. I think as private companies start creating their own SMT token on steemit.com , then by viewing and curating and commenting and sharing those publisher content, we can earn those SMT token and then convert those SMT token back to SBD. By this way all Steemit users can make more money and as well as price of Steem/SBD will increase more. All Steemit users have tremendous opportunity to earn more money . Mr @ned you are great. Many many congratulations for your wonderful creation. At the same you are going to create Steemit.com a billion doller multinational industry.

i am excited about this Smart media token..thank you for sharing this..

Congratz, your post has been read, approved and resteemed by a human!
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The Daily spotlights of 28 September 2017 is online!

well this is definitely something that can increase and update the value of steem, furthermore rewarding for all types of websites.
i love the way u said tear it up, keep the ideas flowing, having multiple brains , not only will make this thing succeed but create a rocket out f it, off t read the white paper.

Great!
Something like this https://district0x.io/ ?
May be SMT could be mined faster...
Interesting.

Amazing

this is important information, especially for me small fish who still lack knowledge about #steemit, by reading this post will add to my knowledge.

Apart from the very important crowdfunding and brand autonomy, are there any other benefits of #SMTs?

Innovations and new life on Steemit! We're immortal, thank you!)

Got the e-mail thanks for the hard work so far and keep up the developments in the ecosystem keeping Steemit great !

thks for you good work.
anyone follow me and upvote me, i will do the same.

It will be a gamechanger for anyone who makes proper use.
Three cheers to Steem:
Hip, Hip, Hurray!

Love this point:

Focus on your community and content. There's no need to be a crypto expert.

so that's the innovations we get on Steem?

I am really unimpressed (and it seems I am the only one).
Instead of kicking the butt of other social platform who struggle to monetize their platform, or enhance the security of the average joes here (with hardware wallet support) , we think that we should add another layer of technical incomprehension. I would have stucked to only one currency to grow the brand (like how unnecessary and bad choice was the idea to allow and promote Golos).

yeah, I am just unimpressed.

Hi, I'm a researcher from the University of Modena, Italy.I'm studying blockchain for smart cities applications! I will read the paper and write a comment on what I think about it!

I heard about this first at the steemit Saturday held here in SA. I have so many ideas and I haven't had a way/knowledge on how to get them from the idea to the action plan. I think this SMT system is the answer to the problems I have been facing. I recently read through a whitepaper from Enijn where they had done something similar to an idea I had last year and also something similar to the SMT's. Will this work, well I want to be the first person to try it all out.

50 pages of whitepaper...I'm looking forward to read it

Cool!

Oh dear!!!
So glad to be here 🐬🐬🐬 @ned

Thanks Ned Scott.. Great information.
Steem has grown rapidly.

Truly amazing. Thank you

Great!

Replaces whole Ethereum platform. Must admit Ethereum is an ICO platform, smart-contracts are useless for the rest of cases.

God all this is so new to me! i've got some serious reading to do but thanks for breaking it down to be easy for us newbies!

Alright you sold me on downloading the whitepaper. Let's see if we can tear it up!

Very good work follows interesting times ...

Awesome progress of Steemit!

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Just went through the white paper. I still have to go through it many a times to grasp it fully. Till then ...

One word - fantastic. Din bana diya bhai ...

Hello @Ned, I have read the white paper and I have one simple question that is probably answered on the whitepaper but I am not technical enough to understand:

Can the Token Reserve be depleted by token´s sellers?

great idea!

@ned Love it. the tip of the iceberg :-) thank you again. you guys rock.

Help me to unvote this post @ned...... i really expect your rocks and utterances from me. I will try to pray for you, may you always in a healthy state of birth and inner. https://steemit.com/economics/@adoelesteem/cultivation-mujjair-fish-and-tilapua-fish-2017929t19740811z

..

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SMT is their own content economy just like Steem is? Their own free floating value? How would you trade such a low liquidity token like that through Steem? Just curious about the liquidity of the SMT since we are talking mini-micro tokens at least to start with under $10,000 in total cap.

creating and managing your own token seems much more complicated than throwing up a plugin paywall (using your newspaper example) to sub with btc (something more mainstream) imo.

in order to get subs from say the 18-34 age demo, you have to use something they understand or they can ask a friend about. Additionally, just thinking about those around me in the demo's above 18-34 who don't mind paying for news because they grew up doing so, there's no chance they even use btc for that.

in sum, im asking you to clarify how you plan to solve the classic case of how will you educate your potential "customers" and get them comfortable enough to convince them to adopt and adapt to using this method?

That's truly the most important question imo and almost an impossible mountain to climb when, in my experience, it's hard to even convince people to listen about btc.

Will Smart media tokens provide any advantage to the steemians? @ned

This is amazing!
Thank you Ned!

@ned can this be used to enable the creation of a world-community-owned media network capable of going toe-to-toe with CNN or Fox?

PROBLEM TO BE SOLVED:

• the big media firms control global mindsets by being gatekeepers to worldviews. They often spread fear, and the worldview their overlords select for the "sheeple".

GOALS:

• enable the citizenry to come together, from all over the world, to contribute content and efforts that create a media network that can rival CNN and FOX.

• use this network to spread good news (instead of fear) and real, relevant content (docos, shows, etc) that uplifts, enables, educates people instead of the "bread and circus" bullshit the sheeple are fed with as a distraction to real issues like environment, new energy innovations, new social structures, etc

CHALLENGES & SOLUTIONS:

• high-end video content > people watch more than they read. To produce a documentary or show at worldclass levels (beyond a simple talking head webcam video) requires resources and collaboration amongst several people. These people need to cover their costs and get something small back beyond costs. How can SMTs be designed to facilitate that?

• distribution > CNN and FOX have huge budgets to reach the masses. How can SMTs be used to help with that, keeping in mind that the more eyeballs such a network gets, the more advertisers will, out of self interest, actually pay the network money to place ads on - I mean, if millions of people start watching a good news network instead of CNN, advertisers will follow, whether they like it or not.

PARTICIPANTS/ENTITY:

• A DAO that works like a Colony of bees, a swarm. Anyone and everyone can contribute towards the making of a show. Imagine, for example, you wish to show the truth about a remote village somewhere. You can get a local in that village, a person you locate using social media, to use their smartphone to go capture footage for you and send it back to you online. You then make your show, and allocate a portion of your SMT earnings to your sources for that show. When it runs, the SMTs automatically divide themselves and your "reporter" in the village also gets something. This way, a swarm or colony effort is able to match the resources of CNN etc, somehow.

In short, besides empowering bloggers etc, how can SMTs REALLY change the game, and bring BIG MEDIA power back to the people? Not small media, but big media, the one that the masses get to watch? Or at least enable people to have a fair go at creating such a challenge?

How can SMTs be designed to support such a vision?

Really interesting concept, I plan to go over this tonight in my livestream show. If you ever want to do an interview about any of this stuff let me know, I would definitely like to interview you @Ned.

AMA Post for my livestream show tonight, if you want to see me cover this SMT idea live, see the embedded video in this steemit post: https://steemit.com/stwt/@titusfrost/stwt-17-steemit-ask-me-anything-post-for-tonight-s-live-show

Very wonderful work of the team really
We hope for more exciting content
Always bright

Love the idea Ned! Keep it up!

Follback me

Sounds really interesting, but what is the value added to use smart tokens instead of STEEM on our steem blockchain apps ? For example on stage.steemiz.io, how could we implement smart tokens in a way that makes sense ?

Very great and innovative idea.

Congratulations @ned!
Your post was mentioned in the hit parade in the following categories:

• Upvotes - Ranked 4 with 630 upvotes
• Comments - Ranked 1 with 400 comments
• Pending payout - Ranked 1 with $ 1029,8

This is SUPER! I am waiting for it. It will change a lot of on the market! You are making all content valuable inside internet!

YOU ARE THE BEST!

awesome!! thanks so much, appreciate your enlightening insights!

wowww... thanks... happy read that

It's so good news for us!

Wow. If I'm reading this correctly the tokens are kind of like a miracle grow for the little guy.

kind of unrelated, but I'm curious why this did not payout? I've seen a few posts like that so far.

holy shit this is amazing man.

At the top of my head, I just wanna ask: How can I, a single lone blogger use it?

good

Where do I invest?

I applaud the scope and possibilities of the SMT project! Haven't read the full WP in detail but here's hoping the account management will be more um.. user-friendly, than the current steemit impossible to remember login/security features. Having great features is one thing, user and market penetration is another. Granted, anyone initially wanting to use SMT will probably be technically inclined enough to handle it well but for general blogger monetization etc, may be over their heads for comfortable spread. Simplyfying account management and implementation of functions does not have to mean jeopardizing security. At present it works because we who are part of the movement are perhaps a bit more techy than the large mass market. Anyway, disclaimer: I am a noob at most things, just airing my thoughts :)

Excellent work! at times when i think about how much i have missed in cryptocurrency world, i wonder if i can turn back the hand of time.... but since i found out about this, am already rest assured that the future is bright.

Well it's for the good...this can be turning point of white steemit... Well it will take some time but hopefully people with get to know if we will share it with all of you.. and excellent work sir.. congratulations for this..

i got bann friend i dont know why :((

bravo .https://steemit.com/@onlytimeknow

Isn't this just whaleshares that @officialfuzzy has been doing for ages?

No, not at all. SMTs will enable any individual or organization to create their own Steem-like token which will automatically be distributed to valuable members of their community and seamlessly integrate with the Steem blockchain. They will be an order of magnitude more efficient and easier to set up than any other token protocol in existence. For more details, read the whitepaper.

Community Liaison, Steemit

Down with paywalls!

[IMAGE: https://steemitimages.com/DQmSy4afNem8SBoJ31rw7LA5hc5AEMsyt58Y9RWe9UFLqjE/image.png]

I'm still taking time to get to fully understand what Steemit and blockchain technology really is; but I'm happy that I'm getting on board now rather than later.

It's the best piece of news in my life!

Absolutely amazing good work mate

Great job guys keep up the good work

bonne nouvelle pour la communauté steem, ca l aidera a la faire grandir

A big salute to you sir CHEERS TO ALL STEEMIANS

Thank you very much @ned for your hard work and dedication

How do SMTs control inflation? And how do we drive a market for what could be a limitless number of these new coins?

I new here in steemit to tell you the truth and i can't even understand the technicalities in white paper so I decided to just look at the comments in this post. And the response of crowd is above positive. Most of the pillars here in steemit i think is in favor with smt.

im just hoping for the common good of this platform and innovation plays vital role here in steemit right? so i think i'll go with it!!! full stead ahead steem!!

Can you....explain this to me as if...I was a child? Would love for someone to break this down in a video.

Wow! This is good news for the steemit community and cryptoworld at large.

This made me so excited! About to download!! Thanks :)

Why people downvoted your post??? You guys are doing such a great service for the community!

This token will change the internet.

This could have the implications of fundamentally changing the way the internet currently operates. Very excited for this project!

hi @ned this is a very amazing experience, I am very inspired

> We might be on the verge of something huge

That is an understatement @ned. The main reason for the success of SMTs will be the usage of the automated market maker concept. Building a DEX will allow the integration of the SMTs into the STEEM economy and with the addition of simple IOU type tokens the possibility of building bridges to other economies (FIAT & crypto) is HUGE. Don't get me started on the possibility of using native contracts.

Of course some projects will fail and some will succeed but such is life.

This is awesome @ned thanks for this innovative ideas and always coming up with what will improve our community experience here in steemit. I see 2018 as the year of transformation for many of us steemians with a great captain like @ned steering the mother ship into crypto limelight and SMT is yet another addition to the tools we need to come up stronger ensuring good contents are rewarded ...thanks to you sir and your team of innovators ... Thanks also to many hardworking witnesses like @good-karma @firepower @timcliff @donkeypong @cryptocopus @furion @dollarvigilante @jesta @jerrybanfield and many more steemians who are also helping us minnows feel the breeze of the sweetness steeming hot has to offer... Let's keep up the one Love in this community😘🍺cheers

This is so cool. Looking forward to this. I just happen to have a travel forum on where i want to grow community. Well done.

NICE! Thanks for the hard work!!

I really like the proof-of-brain concept altough the blockchain is already a same kind of concept with the difference that now you got a token identifying you as author/creator.
But what when someone steal or copy your idea? There isn't something like a digital court that compares your original content with others and gives you automatically your shares for your idea.

The second thing is that with inflation (creating coins after the genesis phase) devalues the coin relatively.
The only thing I see for this coin is that it proofs you as the owner of the content (what makes a infinite number of coins).
By giving good content multiple coins the idea of proof-by-brain is away because it is actually a same kind of coin likeall others.
When every content get's just one coin you can sell your content/idea by sending the coin for the amount of money you desire to have for it. That gives the coin a variable value.
Maybe I don't understand the whole idea of this token system but in my eyes things are more complicated when using them. I don't shoot the idea and will take part in it because I believe in this system and want to give it a try (trial-and-error)

There's only one word for this development, 'HUGE.'

Looking away from the financial benefits, the fact that this would encourage meaningful connections and thoughtful contributions (to earn more), makes it even more interesting.

I can't wait!

Thanks for your change @ned

That's kinda revolutionary in terms of steemit, this means now another stage is on ! Development under steem technology so we are heading to a bright future with lots of new steem base structures! Hell yeah!

So it's basically smart contract on Steemit.com.

I love it - 'read it and tear it apart' - nice attitude!

Wow this is inspired a truly revolutionary idea congrats!

Here goes the visionary and incredible @ned again. Always smart.

here what i also think about steemit.

https://steemit.com/life/@richforever/disruption-steemit-versus-facebook

The Future Is Now !!!!

Just what the world needs. More tokens on tokens with whitepapers about future blockchains.

Why these media tokens are bieng created? @ned

In a way this resembles the problem that BAT (Basic Access Token) is trying to solve. Let's see how this works out.

In a simple term, Steem is an enduring legacy built on a better foundation over most crypto currencies.

In a simple term, Steem is an enduring legacy built on a better foundation over most crypto currencies.

One more token?

Thanks to your Post

would you like to help me post. @ned
why every post I always have a little payment, please help me.

Good news, i will jump directly to the whitepaper then.
Thank you ned

Steemit is definitely the next big thing!

Hi guys
follow me @classy palani
Like me ah post

Desirable work, it is easy to see that change is happiness quickly. In my opinion it is the way to "mind the gap" between IT and end user to enhance connectivity in today's dynamic world.

I've cried for similar from the start. This's even better than I've wished. Thank you for your work!
This thing makes Steem a leader among blockchain applications in one more field, which is the only one killer feature in many others.

I've already written some thoughts about SMT here https://steemit.com/steem/@o1o1o1o/my-thoughts-on-smart-media-tokens but I wanted to add an additional comment which I think is probably more interesting...

Have you thought about inheritance of reputation?. Or at least rules that would let an SMT consider reputation from other tokens or even from STEEM itself. In addition having rules that would allow that token's reputation to automatically bubble to parent tokens all the way to STEEM and down to its siblings or cousin tokens?

Yes it could be complicated but I think could do a lot to help bootstrap user reputation in new tokens making them more attractive to new members and more organised at their inception. It also makes the overall collection of SMT tokens rooted in STEEM more compelling and sticky for users as a whole - more like a federation than just a bag of disjoint communities.

Perhaps that is there in the whitepaper and I missed it. However I feel like if it was more people would be talking about it as a really cool feature. Not having to re-establish reputation for every single SMT token time after time - why wouldn't you want that? At least as an option for the token. Whether or not you allow reputation to go up or down through the hierarchy of tokens after the fact - that's harder IMO, but at least bootstrapping reputation scores when a user is first created, I can really see the benefit there. Maybe you do something like seperating reputation into an inherited part and a token specific part, weighting them and aging the weights so after time your reputation in that community becomes more about your reputation only in that community. That would mean if you start being a jerk elsewhere or your account is hacked then the local community would not see that effect. Or it could just depend on settings...

Anyway it is just a thought. Happy to discuss more if it is interesting. Probably too late to be infuriated right now since it feels like you're going to be rolling stuff out soon.

I would support this. I can see how to use this concept to help fund my project.

This will spark interest in many other business people also

Your right... tying rewards to the blockchain but allowing the blockchain to be used with multiple SMTs will be explossive.!! Let people reap the benefits of their intellectual property.

As a complete newbie to not only Steemit but crypto social media, I am very slowly finding my feet with the unfamiliar language and system. There are some insightful comments already on Ned's article. All I can personally say at the moment before delving more deeply into the White Paper is that I find it socially unjust that companies such as Facebook make huge profits from people being interested in people! From what I have seen so far the concept of Steemit provides a platform for even us little minnows to show our value - someone somewhere will be interested in what we have to say. Value to me is not shown by the $ that I see on some of the content I've read, but by it's impact.

I'm looking forward to growing with this community - watch this space.

Thanks for information @ned

Great initiative

Great initiative, I'm so exited

sounds complicated to me; might scare off the non-crypto geeks

güzel
https://steemitimages.com/0x0/http://llcdn.listelist.com/listeliststatic/2013/10/robert-de-niro-taxi-driver-alkis-gif.gif

Why would anyone want to buy one of these social tokens? There would be no market for the thousands and thousands of social tokens as there would be too little volume. If there's no value then why pay in the first place. Furthermore, if they don't have a tradeable value they merely serve as a valueless points system that no longer truly rewards content creators and community members. Steem should be making solutions for integrating directly into the steem system rather than having separate tokens. How will this drive the value of steem higher?

So I have absolutely no technical expertise whatsoever can someone please explain what SmartMedia tokens are going to mean for us e-tards. I'm a digital content creator and activist that focuses on cop watching I produce hundreds and hundreds of YouTube videos which I will be sharing and blogging about on the steemit platform for the foreseeable future. How will SmartMedia tokens affect me? someone please help? Thank you for reading this!

Why do we need a new token? I think allowing a steem widget to be added to content websites so we can upvote and promote using Steem and SBD is a far better idea.
We don't need more tokens, we need to use the technology we have.

I tried to read everything but due to limited technical knowledge. I didn't understand almost half of what I've read.

But it's good to know that SMT doesn't require in depth technical knowledge to implement across publishers backends.

It's the greatest innovative ideas ever if comes to life.

Seems like a cool idea however I don’t see people spending actual cash to purchase a “New York Times Token” to tip people in the comments section.

Couldn't sites (like the NYT) build their own similar to Steemit? Maybe for their regular subscribers ---- to receive a token each year they are subscribers (then they could 'gift' that token to another person)?

@ned This is revolutionary. Thanks for bringing it to Steem platform.

nice

plesse follow me

thank you for your valuable post

There is so much for me to learn, but I'm in. Excited!!!

I would like to purchase my Smart Media Token Name Now Today. I would be willing to pay a premium fee for early adoption. Where Can I Purchase My SMT token Name. I know the white paper said it isn't super important but brands do matter.

Really Cool Stuff I Like To Hear That Keep Going We Are With And Friends Follow Me I Follow You Back Thanks

Hello sir, how to sell steem dollar to market, you usually give input for me, thank you

thanks for the information. what your news is useful for us all ..

Man this platform is the future!! It is the cure for all the modern diseases !
And the future is now !
This can cure African hunger if anybody knows what I mean !
THANK YOU !!!

Well Mr.Scott, proposed a good introduction about SMT's. These tokens may be good , how these media tokens differ from steems.?

@ned Excellent writeup from the team! Looking forward to some more badass and exciting news ahead! This is awesome information as people can now monetize all kinds of websites, blogs and forums with this technology! A complete game changer this is, and am glad I am in a time and era in which this revolutionary technology is taking place....Thanks for this opportunity you and your team are giving us, I appreciate .

Ned be banking over there!

I like your post. I have followed you. Please follow me @teukurahmatpolem

Steemit, this is something that is done for us.It is for the ordinary user.Not enough that you can publish your thoughts, your thoughts, opinions and supplements, it is still something you make money, what he is doing to make it still sticky.Thanks for these Steemian possibilities

powerful stuff

I love being member on steemit, the best way to catch up with everything that’s happening in cryptoworld

This could be a changes in our current platform. Let me read all the content of the white paper first.

Sounds great!

Hello! Firstly, thank you for all of the work you're putting in! It feels good to have these updates and see Steem's progress.

Now, I'm not an incredibly tech-savvy person, despite knowing a bit about software. However, I do like how this invention is able to draw in larger corporations into the Steem market. This is exactly what Steem needs in order to become a real, tangible part of the world economy, just as Bitcoin has.

Hi guys
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Like me ah post

when can we start using SMT?

It was said to be aivailable early 2018

Loving this awesome post Ned 👍🏾

This is really great work!!! Just love steemit and always with you. Support steemit from the deepest corner of heart.

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Please, let me now about your decision in return message 😉

Hi it means steem tokens benefits of it?

wow, thanks ned

Yay, let's do this :)

Thanks for the awesome news!

Just to let you know that I have translated smt.steem.io into Korean to help our community understand a bit more :)

https://steemit.com/kr/@segyepark/steem-smt-smart-media-tokens

The power of the people and new ideas. Changing the world of today. Great work.

That's really cool. Imagine if the SMT really could do that.

Thanks @ned because you have introduced steemit to the world ,,, steemit a very profitable site
actually i also want a lot of upvote and follow like you, hehehehe,for those tips

LETS GO!!!

awesome thanks @ned and the whole #steemit team.

Its nice way to show that What SMT can do for
IT....
SMT is very easiest tech to use.

Looking forward to see where this goes. This is awesome.

Great initiation ! Looking forward !!

hi i am new on steemit plzz follow me @aabisteemvoter ..and upvote my posts

Nice

I'm excited I can't wait

follow me plzz

Dear @ned
I am @chandrayunita from indonesia, please visit my blog and I also hope you wish to upvote my posting.
Thank you very much

@ned Thank you I am going through the technical aspects of this paper carefully so I can prepare. This is exactly the kind of future tool I was hoping for from Steem.

Wow! This awesome. Truly genius thinking Ned.

I am amazed by your SMTs, @ned. I would set up an ICO for a strong serverfarm to speed up the Steemians. For faster applications ie. like my pretty new project SteemWiki. I would make the Steemians faster and much better informed. Don't ask the Steem what he does for you. Ask what you can do for the Steem. That for I ask you for the Tokens named HELP, to build an international, professional Help–Base as fast as possible.

Nice .plz follow me an vvote me....

Hi @Ned!
I've got 2 questions during whitepaper lecture.
1. Why you propose SMT instead of steem blockchain integration on these services?
2. SMT will be subchain on steem blockchain? I understood it correctly?
3. Who would be the owner of Steem accumulated in SMT ICO? The ICO creator, or it work in some different way?

I have been making a DApp on Steem Blockchain. Unlike Ethereum where there is a provision of ERC-20 token, I was thinking what to do?
Because I don't like Ethereum from "Data storage" point of view.
And with steem, I can have that speed on my Dapp.

And with this announcement, I am glad and excited about its upcoming launch in the 1st quarter of 2018.
Whooaa !!!...

Thats a huge step ahead.

I really like the idea of creating own tokens for social media sites. Although if I understood it correctly, the operations which SMTs can offer are limited to posts, comments, upvotes. Is it possible to reward other things like uploading an avatar or adding a friend?

This is a real opportunity for everyone.

SMTs could allow every application to have their own token similar to Steem.

Here is my contribution: SMT Token Logo

[IMAGE: https://steemitimages.com/DQmZr63VhAUuxfRtEnu6bu639vAMXbphv8dc5y2UdCj3pFy/SMToken.png]

Whats the news on it? When can someone buy it?

back read and listen! Thanks @ned

I have an app that I would love to use a Smart Media Tokens to reward users for content creation. When is the launching time mean to be?

Don't know how many users now, really hope to 3 billion

how to start my own project on SMTs ? who can guide me ?

Hey @ned you should look at @memeit.lol also @freedom and @misterdelegation

https://steemit.com/steem/@berniesanders/ned-just-flagged-me-back-to-7-rep

Posted using Partiko Android

This a brilliant idea and addition to the Steem blockchain! Anyone know when it’s available for use?