This is what will bring STEEM market cap to 500 billion or even more in a longer turn. It is obvious and there is no doubt about that. This new paradigm of social media and content creators getting rewards for the content they create is something we have been all waiting for. With that possibility to do SMT will put STEEM as a reserve currency and it will do to the token the same thing what ICO's did to Ethereum and will result in a mass adoption.
I would like to thank you and your team @ned from the name of all worldwide photography community for making this possible as it will bring the ways to monetize the content and sharing fair rewards for all the talented artists. We have started building our photography community BeScouted on STEEM blockchain as soon as i have learned about Steem a good few month ago. The only regret being that i did not learn about this earlier, but better later than never. We are bootstrapping our project and we will definitely be building and SMT as it opens so many doors and provides so many opportunities to engineer new ways people interact with the content and get rewarded for doing so.
We are already bringing members of our community on the blockchain and this is our small contribution to the work that you are doing.
Keep up the great work and we can't wait for the update to roll out. The BeScouted Team
Yes really good commentary!
I just recently managed to really wrap my brain around steem and smt and this is pretty much the same conclusion I arrived at. I'm a photographer myself but I never tried making a living of it before, with steem/smt I see a vastly different future for my photography carer though... This is going to be a game changer for any crowdsourced platform or community.