RE: Ned Talks: Steem, Steemit, and SMTs

[earlmonk]

I love the idea of smt but, I dont see why it is good to need steempower to run an smt. If a small business man comes around and wants to built his community in the future he requires hell of a lot money when Steem would be 1000$. This favors already big early players and rich companies. Or will the bandwidth/steempower scale with steem prices?

Comments

[roundbeargames]

• all SMTs function on top of the steem blockchain. and in order to communicate or do anything with the steem blockchain, you need bandwidth. steem or steempower gives you that bandwidth. more SMTs -> more traffic -> higher steem price.
• a small businessman has no incentive to launch his own SMT. you gotta have enough followers/subscribers/influence so that when you create your own SMT, people are willing to trade it. you gotta be able to create a token that has value, creating a whole new rewards pool. nobody in this community is big enough for that. you need outside forces to come in.
• if steem price goes to 1000usd it means several big players have already created their SMTs and they're competing each other. it means the rewards pool has gotten significantly larger. at this point, if you're a small business or indie, it'll be easier to compete for the rewards than to create your own token.

pls correct me if i'm wrong or you disagree.