Vlog #104: Steem social media experience and SMT's. I can see both going hand in hand.
It's been established that the STEEM token is needed to have an influence on the Steemit blockchain (votes) and also needed with anything regarding an SMT on the Steem blockchain.
Having STEEM tokens is therefore great if you believe in the project where ever it might go.
Now having said that. There are two opinions going around at the moment. One says the focus should be on making Steemit the biggest social media site on the planet vs SMT's is the future (income) of media.
I think both are possible.
I rather see more separate apps and frontends than 1 big Steemit website.
I don't think one big Steemit website is the way to go for the future.
I think there is more power in individual apps and frontends but all connected through the Steem blockchain.
These can (and are) already developed by different devs and can be monetized by taking a percentage of the earnings of the content that is created through them.
The free market will decide what the best apps/frontends are and users will use them accordingly.
The fact that all this development happens on the Steem blockchain will make sure that the STEEM blockchain is going to be the biggest social media experience on the planet.
It won't be a website, it will be a blockchain, that will be the winner.
And the cherry on top. All these apps and frontends have a built-in wallet where users can send STEEM and STEEM dollars to anyone anywhere in the world. Or and this might be the magic: SMT's.
SMT's are great to get other parties involved on the Steem blockchain.
To get other websites/community or even game makers onboard the Steem blockchain SMT's are the answer.
Because I can perfectly imagine these party's not wanting to use STEEM or STEEM dollars for their community or game. Why create value for these tokens if others outside your environment can benefit from it too.
But an SMT can have its own value. Suited for different parties and purposes but all build on top of the Steem blockchain.
I talk about it more in my vlog.
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I definitely see both sides of the discussion here, but the more I've thought about it I can definitely see SMTs as the future of the internet. Websites and apps number one goal are maximizing it's user base. They also want users engaging as much as possible on their platform and what better way than providing a monetary reward for activity and engagement. If you end up with hundreds, possibly even thousands of websites and apps all powered by the Steem block chain it's very easy to see how Steem could grow the world over and be the number one most used crypto globally, which will increase the value tremendously.
As investors, our goal is to put our money in the best possible place to maximize returns. There cannot be any ideological bias at play here. While being the number one social media site might be well and good, it pales in comparison to the financial returns of a globally used crypto currency backing hundreds our thousands of websites and apps.
Great vlog brother discussing a very important topic. Have a great day man!
Thanks for another awesome reply. You have a great day as well man!
nice post and good video also, well you are absolutely spot on with your observations, steem and SMT are going on hand in hand and no doubt all these changes surely gives steemit a great strenght, well you also talk about the easy signups and i think yes that should be an issue some peoples are waiting even for weeks to get their account password and this is something steemit needs to improve because it's somewhat discouraging peoples and easy signups very much needed, well about SMT induction the one of the greatest things is that every SMT is issued on top of steemit blockchain and steem is used as main token with every SMT that's fantastic, thank you very much my friend for sharing your great personal experience with us, stay confident and blessed.
Thank you, you too!
@exyle This coming year is going to be very exciting for so many people. More and more people will join STEEMIT because they will realize the multiple benefits of being here. They currently earn nothing for helping Facebook and Twitter make tens of millions of dollars..........
Let us all hope so stokjockey... got get myself more and more STEEM by X-mas (-:
May need to move some precious metals around to make room for more STEEM.
I was thinking i may need to do that... but i hope not, see how things go (-: my month to month financial planning, haha
@clumsysilverdad here is a vote for you now you have more steem before Xmas
thanks! the holidays are coming soon, going apple picking on Saturday (-;
Allowistic Artist says Power up your Steem!
I'm looking forward to 2018 and see how this will all develop too.
I also think @exyle that the presence of SMT gives us more opportunities for us, and this also applies to other applications, since the overall activity will increase!
This has made me believe in the steemit chain even more. Just thinking about all the possibilities makes me excited. Imagine all these different platforms or newspaper like the times etc. And them all being backed by the underlying steem chain. The future is bright.
To be frank, Steemit's web interface as it is now doesn't really encourage group discussion, it is more of a hit and run kind of discussion. Moving forward, I think Steemit can evolve into somewhat more of a forum-based interface.
https://beta.chainbb.com/ = Steemit blockchain in Forum format.
Oh cool thanks for the link.
It is indeed a great evolution... to come! Meanwhile Steemit does need an upgrade, let us not forget that please. I hope the "app" will be the real deal, and the interface needs some real changes too:
Easier ways to navigate to other Steemians
Easier searching of topics
...
Steeming greets!
@exyle,
Like we use ETH for most of ICO built on ETH block chain we can use STEEM for all SMT token projects! It will rise the value of STEEM and we all know the final out come! Great post of review friend!
Cheers~
So the initial exchange/value of any SMT created is determined by the terms for the ICO offering? ... and the inflation rate? ty
I am sure that with SMTs, Steem will greatly benefit in many ways. Be it mass adoption, value , innovative apps etc... The future looks really very bright.
I believe that a lot of interesting things are ahead)))) Thanks for the clarification)))