Hi Friends!
If you are anything like me, then you probably have a lot of questions about SMT’s and how their implementation will actually affect the Steem blockchain.
This is the first part of a two part interview on Smart Media Tokens with @raised2b. He is an IT Professional, and longtime crypto enthusiast. This guy probably spends hours every day consuming content, interviews and news on all things crypto-related – and SMT’s are no exception.
He has the unique ability to understand things on a highly technical level, and then distil the information down in a way that is more easily understandable. (Especially to non-technical people like me!)
I literally had so many questions about SMT’s – that we decided to break it into a two part interview series. Each video is about 15 minutes in length.
Because I am really connected with the Dtube community – we used @dtube as an example to explore how SMT’s might play out in the real world.
Questions Covered in the Interview – Part One
Give us a general definition. What are Smart Media Tokens?
What will this actually look like on Steemit? Will each coin have a separate website, like it is a separate platform, or will posts made in an SMT community show up on our Steemit blog?
Who sets the rules for these communities? Is it the person who starts the SMT? How much liberty will they have to set things up how they want?
We dig into the difference between account based in weight-based voting, and how that might actually play out in various SMT communities.
We also talk about oracles and account verification on the blockchain – and how that might be implemented in an SMT community and on Steemit Inc.
Are these communities open to all, or could someone be refused entry or kicked out?
What is the advantage of account based voting? In the Dtube example, does that mean that my vote would be worth the same as the Dtube’s if they went the account based voting route?
Let’s say someone is interested in building a community via SMT’s. What are they looking at for an investment level? Do they need to put it in a certain amount of money to buy enough tokens to get it going?
What is the current timeline for this coming live? It seems like the roadmap keeps getting pushed back?
Do you have any speculation on the potential roadblocks, or why there have been delays?
Yes, we cover all of this information in only 15 minutes! The second part of this interview is jam packed with just as much information.
Thanks for Watching
I hope you guys enjoyed hanging out with us on the deck while we chat about SMT’s! Keep your eyes open for the second part of this interview coming later in the week.
If you have any questions on what we covered in the interview today – feel free to shoot them below. If I can’t answer them, I’ll ask @raised2b and get back to you!
▶️ DTube
▶️ IPFS