Also, for anyone reading this.
According to the SMT whitepaper.
https://smt.steem.io/smt-whitepaper.pdf
Once SMT's go live you will still be able to vote on posts/comments with STEEM Power as well as a variety of SMT tokens.
According to the SMT Whitepaper each post/comment has the opportunity to earn up to three different tokens. (This will depend on how the individual app owners configure the post/comment)
STEEM is standard for every post/comment, but there will be the opportunity to earn two additional SMT tokens per post/comment. (For example. STEEM, GPT, and dTube tokens)
Wow! This is a mindblowing addition you just dropped here.
I think I need to reread the SMTs whitepaper.
So much knowledge hidden in there.
Thanks for the vote man!
Followed you...
Cheers!
I didnt see that in there.....do you know what page that is listed upon @robert-call?
Page 40 and 41
"STEEM is votable for every post."
"At most two tokens may be specified in votable_assets. This means that each post is voted with at most three tokens (including STEEM)."
Thanks for that @robert-call.
That is terrific. I see it now....wow what an oversight.
As long as it is a rewardable token, it can be added to the STEEM....
It seems that SP will translate to anythingon the STEEM blockchain which makes sense...
Yes, SP holders will be still be able to reward any post/comment on the STEEM blockchain. I think a lot of users falsely believe that the new SMTs will make SP obsolete. I think it will only add value to existing SP holders.
It would be pretty stupid for Steemit Inc. to create an alternative system that would devalue Steem, which they own a huge amount of. So I'm sure you are right and that Steem (Power) will get an increased value from this system.
Interesting. That makes getting an SMT token much easier. One may decide not to even border with ICOs and all its SEC hassles. Just Airdrops and you have a usable token already. The presence of account-voting system is another layer. Cheers!
I'm hoping we will see some airdrops for SMTs! I definitely get much more excited about the projects if I get a small stake in it from holding another crypto, so it's a great marketing tool.
Now your 1kSP programme makes even more sense. Its already glaring that SMTs will launch this year. Q2/EarlyQ3 according to @ned. So lets do this!
Followed yah!
Something tell me ned will delay that launch date, steemit is still in beta, what makes u think smt will be on time when they haven't got steemit out of beta?
I can't see that they can delay.
Appics have already completed their ICO and are slated as the first SMT. They're currently on ERC-20 I believe, waiting to transfer across to SMTs once they launch.
The launch of the app is waiting on SMTs and surely they've had some sort of confirmation and assurance from Ned/Steem Inc that SMTs won't be delayed.
SMTs is slated for Q2/Early Q3.
Appics is slated for Q3/Early Q4.
Patience is all we need here.
Cheers!~
Steemit being in beta is a thing of the mind. Its more like saying that they are still experimenting to find what will work in the long run.
When they feel like they have gotten to the final product, they will bring it out of beta.
Its independent of SMTs. They will release it soon. Just stay tuned.
Hey! So I'm quite new and absolutely love this idea - It acts as an additional quality curator and further incentivizes genuine human interaction. I have a few questions though,
This is really starting to become a fucking JOKE. Lets keep inventing more currency to add here so people can get flagged & lose rewards on. Not to mention we don't get paid on post that are 1 or 2 cents.
Oh, this is great! I'm really looking forward to get things like dTube tokens, Steepshot tokens, busy.org tokens maybe etc. by using the different third party apps in the future.
I'm confused though. Will GPT be automatic? If so then that leaves only 1 available token per post/comment.
The "GPT" tokens would be put into a Reward Pool similar to STEEM. Then the tokens will be distributed by the whitelisted accounts. The amount would depend on the inflation that was programmed into the "GPT" Smart Media Token.
Thank you. But still a bit confused. Above it's stated that every/post comment can have up to 3 coins/tokens. Assuming SBD will always be one of those, will GMT be something attached to Steemit.com posts/comments automatically (if whitelisted). If that is the case, than am I correct in assuming that only leaves 1 additional coin per post/comment in addendum when posting through the Steemit.com condenser.
Further, what about other interfaces like Dtube, Busy, etc. Those would not be at all GPT involved?
No, every post can receive an unlimited amount of coins depending on how many SMTs get created by the community. I could see hundreds of SMTs after the first year which means probably over a dozen tokens for rewards of all kinds (we can't imagine everything yet).
Oh wow. How do you think wallets will be set up? Each coin has to make their own? Do you think there will be a multi-wallet?
It will be similar to Ethereum. One account will be able to hold any amount of tokens. I think Steemit will update Condenser to recognize all of the tokens in your wallet.
No, SBD is just a liability/debt of the STEEM token. So you will still have 2 more additional tokens per post. I'm making a guess, but I think once we get SMT's it might not be too difficult to upgrade to accept more tokens per post or comment. I think 5 would be a nice number.
New white paper will be released next week
woah good to know this differentiation! didn't know that before~
We can't wait! I am salivating already! Steem! Steem!
@eurogee