Some thoughts about the Smart Media Tokens Whitepaper

I've read through the whitepaper quickly once, and found it fascinating. It seems to me as though an SMT is like a subset of a full Smart Contract, with many of the same benefits coupled with greater ease of use, but less flexibility.

A couple of sections jumped out as particularly interesting to me initially though:

When launching a new token, there is the option to automatically burn or power-up some of the participant's Steem. This might sound odd, but it might prove a very attractive option for ICOs from people who hold significant amounts of Steem they'd like to appreciate.

I expect that each upcoming community will create their own token, and I somehow suspect most of these will require a Steem vesting component, which could have a positive effect on the Steem price.

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Advisory tokens could be used to indicate or acknowledge posts that have some attribute, without conferring financial reward. For example, spam could be flagged as such, but without the person flagging expending their 'financial' voting power to do so. Perhaps comment based referendums, quizzes etc. can also use these without subverting the intention of Steem votes (and the reward shares system). I imagine such arrangements could suit some communities.

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I'll keep reading and trying to understand the implications as opportunities as time allows, but like most others, I think it's an exciting development and I'd be pleased to hear other thoughts!