Yeah, my basic thought is people are clueless as to SMTs arrival in 3 months. If they knew Steem was the next ethereum wouldn't they change their investment strategy?
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Yeah, my basic thought is people are clueless as to SMTs arrival in 3 months. If they knew Steem was the next ethereum wouldn't they change their investment strategy?
Calling it the next Ethereum might be overstating it a bit. It's more like a focused, specific use blockchain for media companies. So it doesn't have full smart contract flexibility like Ethereum, just the stuff people want and need who want to tokenize the web (users, content, votes, token creation, etc).
But yeah, it'll be interesting to see what happens. There are a lot of great options out there now for creating tokens (BitShares, Waves, etc). Technology value doesn't always relate to price per token value.
One issue or rather challenge I see with SMT is the presence of BAT (BasicAttentionTokens) which 100% focused on media publishers and consumers - Its from one of the most respected people in the tech industry - creator of Javascript, co-founder of Mozilla and now Brave browser. While we are talking SMT, BAT has gone ahead and started establishing distribution channels. If they get a major publishing house like Guradian Signup, the game will change.
Yeah, that's a really good point. I see BAT as another example of a utility token that isn't getting much speculative investment love. I keep intended to buy some, but the price has been mostly flat for a while, much like STEEM, so I end up trading other things instead. At the same time, I think SMTs will have a lot more to offer beyond just a currency, tipping, etc. The STEEM blockchain provides a completely different model via upvoting and with content storage itself directly on the blockchain.