Another one bites the dust. Decentralized exchanges are starting to appear though. There is no technical reason why centralized exchanges need to exist and banks are also being slowly phased out in favor

Is it true Ned left the company? This wasn't announced? How did I miss this?

Even if Steem had a billion users you don't have any particular SMT that I can think of that I would want to buy. I have no idea what SMTs will do right now. Can they be used for pegged assets? Can they

@blocktrades I would hoping you would do something like this. But truthfully I don't understand why you would pick USDT rather than launch a BlockTrades stable token? Why not Blocktrades SMT aka Blockdollars?

More questions than answers but there are no technical barriers. It's easily feasible to let the network hold the keys in a decentralized encrypted manner. In fact if you look up the research the Enigma

I am happy to see progress on SMTs. I still have some questions though about what exactly SMTs are supposed to be and how the market is supposed to take advantage of them. I've been blogging a lot about

Without existence there is no meaning and no points.

All of your points are valid and I agree. This is why we need more discussion.

SMTs have potential for communities if those SMTs enable revenue sharing.

Some ideas you present are not bad. The idea of letting people generate SBD by sending Steem to the smart contract is good. The problem, why limit it to Steem? What backs Steem then? If Steem were backed

My argument is that Steem being the exclusive backing for Steem Dollars is why the peg couldn't hold. It was based entirely on the assumption that Steem itself could hold value without anything backing

You can sell directly to the reader or consumer. Crypto makes it even more sophisticated because you can sell content in a different way. We just haven't seen these platforms become innovative yet with

You can sell directly to the reader or consumer.

I can code, and I'll help come up with the proposal, but I don't want to be the developer. I think there are plenty of much more skilled developers in the community more suited for that. I think creating

That isn't how it works in the US. I don't know what you are citing. Do you have some sources?

Steem needs a derivatives platform built from SMTs. Start with a stable token at least as good as multi collateral Dai. Figure out how to do what Compound is doing, and add compound interest on top of

Who told you that? Journalism? Books? Movies? When has this been the case? Confusing your post.

Exactly. Useless coins and nothing backing them? Its one thing if SMTs are backed by securities or if we have just one working stable token as a proof of concept but we don't even have that so it's hard

Use it as collateral for a Steem stable token.

Good news. After SMTs launch we need need need to fix and upgrade the Steem Dollar. We need a stable token which pays interest on Steem.