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RE: Why Do We Need Smart Media Tokens When We Have STEEM?

in #steemit7 years ago

Nice article. You're definitely cheerleading this technology.
Interestingly this has been done to some extent on letstalkbitcoin.com and the tech has spun out into an organization called Tokenly. It was a very exciting development. LTBCoin facilitated on the Counterparty token was issued for forum interactions and rewards for "magic words" given during podcasts used as "proof of listening". Forum members could create their own forum spaces and issue tokens as keys for entry.

It wasn't the most successful project monetarily but it proved the technology worked although hampered by some of Counterparty's shortcomings.

The community there wasn't huge.

So why I'm excited is this idea on Steemit can quickly reach growth unseen on LTB network because there is already a huge base of users by comparison.

There's a hint of nostalgia in what's being developed here because I've seen it before. What I haven't seen is the potential fully reached. Here's hoping we can look back at this moment as the start of a new way of life for everybody.