AskSteemit #2: What Smart Media Token would you want to create?
In the light of the recent big announcement of SMT's and the huge but understandable hype that occurred around them I wanted to ask this simple question of what kind of token you think you would want to create.
Now before you go ahead and spill out your big secret ideas, of course you should mind those if you believe you might actually create a successful token yourself or are planning on one right now, I'm sure a lot of people are brainstorming currently.
This post is mainly for taking a shot at some random ideas you think SMT's could be good for and to drive discussion and maybe have some eureka moments that we haven't stumbled upon yet, or the discussion might help the readers see things differently and come up with the next million Steem idea. ;)
As in the last AskSteemit post I won't be self-voting this but instead reserve voting power for great and discussion driving comments in the post.
In case you haven't yet heard of SMT's and have just woken up from a deep slumber, here are a few examples from the SMT website: https://smt.steem.io/ and if you want to read the full whitepaper you can find it here: https://smt.steem.io/smt-whitepaper.pdf
The reason I'm creating this post was after I read most of the comments in the 2 posts recently by @ned about SMT's and wanted to keep the ball rolling on the discussion about them.
I personally have been working on a project for the Steem blockchain for a long time now and after having discussed it with Ned and him advising me on waiting for SMT's I am glad to finally be able to read the full whitepaper and idea about them and how I can integrate it into my project! Hope many others of you have gotten that same feeling!
Hey @acidyo, amazing possibilities with the SMT's right?
I have come up with the Memory Coin and wrote a big post about how I want to invite the entire memory sports and memory coaching community to Steemit and later create our own token. Here is my post about it:
Memory Coin - The Memory Sports Community Smart Media Token
That sounds great!
Wow, thanks for your upvote!
Here is a thank you from Steemy, the animated Steem Puppet!
Ooh, I remember you now! When you created some of those gifs early on! :D
Yeah, I had a mouse but shifted now to Steemy since I am throwing out animated videos with him every day.
I would love to use my Steemy puppet to make Steemit advertisements. The technology is just sooo cool and unique.
Contact me if you would like to learn more about my ideas. I could create live streams with that puppet. It is just mindblowing!
@ flauwy You are a genius with gifts, i would like to know your secret, but i bet you don't reveal it, right? :P
Nothing special, I use Photoshop for GIFs. Pretty easy to do actually. :)
WOAHH I love that DMT Alex Grey looking rainbow spectrum of colors honeycomb pattern!!!! so cool!!!!
kinda reminds me of this
yes psychedelic stuff is easier to remember right? lol
Hah, that image was part of Rick and Morty this season, wasn't it?
I have two that I think are very valid use cases and one is exceptionally unique, but I learned ideas on this platform are often copied so will wait to discuss them :)
That being said I think people should tend to think small and practical unless they have the experience to really pull it off. I get feeling tons of people will be launching yadda yadda token and just sort of fall flat or be a scam etc. I am sure billy is working on one right now lol
I think with some proper planning and realistic expectations that really can add value and have a use, so I am excited for them. I also can see many pitfalls, failures and abuses though, so hopefully can weed those out as best we can.
Great comment!
I am completely in agreement with this statement.
SMT is an amazing concept and quite revolutionary too. However, it would be mainly beneficial to those who are doing reasonably well with their online properties. If you have a site that does well, it could be made to do better by incorporating SMT tokens into its interface.
But if you create your own new forum, website or community on the web, you will have the same problem as the average user on Steemit - that of no traffic coming to your site.
On Steemit, once you create a post, it disappears down the feed in minutes, unless you have a very high SP or a huge no. of followers to ensure its survival at the top few spots aka the trending/hot spots. Also, the same authors' posts always appear on the trending pages and bloggers who are doing well, continue to do well notwithstanding the lower quality of some of their posts - putting it very mildly.
Ranking in the search engines is also quite similar in a way, as they always favor established authority sites. The search engine algorithms are tuned in such a way that even if you have the best content on the web, your posts will not rank in the first few pages for at least a few months if not years. A new forum may have much more activity than many old and established forums, but it will never be seen in the first 20-30 results of a search.
Almost all traffic from a keyword search goes to the first 3-5 results on the first page of search engine results. After the first page of results, sites appearing in subsequent results get almost no traffic.
Whether you start an education site, a voluntary activity site or anything else that may truly be for a noble cause it will not gain effective traction because, I repeat, traffic is everything.
Unfortunately, SMT does not address this issue - not that anyone expected it to be addressed.
I am only highlighting the fact that it can work only if you have a site that is already receiving a good amount of traffic, so that you can monetize it effectively whether for yourself or for your community members. Moreover, those who are experts at monetizing their sites, already know how to get the best ROI from their sites through sales of their own products or as affiliates, product promotions and banners, and reward or repay their members.
It definitely is an awesome and unique concept, but I don't think the common (aspirational)blogger will understand this issue until the time that he/she has already invested in creating a forum, site, community etc. as given in the examples. It could lead to disappointment over the fact that even after having SMT tokens on the site, the aim behind creating the site is not being achieved.
It would be great if this is explained in the white paper, for the masses to understand so that the right expectations are set before the incorporation of SMT leads to any kind of disillusionment among bloggers and site owners, especially those who are new and would like to raise funds for a cause.
Idea: A peer-review token to create anonymous reputation based identities on top of Steemit users. As a system to test a level of proficiency on a subject by a user creating databases of questions and tests for accreditation inside the platform.
Wow, this is really great. The reputation system here could definitely require some fine-tuning or addition!
After reading the paper, I see many problems but the advantages seem to be giving agency to projects being built on top of steemit, by specializing the communities and interaction with already existing APIs that benefit Steemit without integrating them directly into the platform.
Suppose a person has Ph.D. and has no skin in the platform. Just by verifying their credentials in the real world, one could reward a type of reputation that allows them to contribute questions or to curate questions. Even if he's on steemit or not.
Four main advantages:
An awesome use case this one!
repcoins -braincash - edusteem
Possible names; @ertero's idea is brilliant
I would like to see an education one, something that can be used to fund educational projects, there has to be others going on other than the ones I know about, and I would love to see all those educational projects get funded. Maybe an educational token would be a way to get that done.
That would actually be incredible and a game changer for free education.
Steemit is already touching young lives and I can so it doing so much more than what I have seen so far. @azizbd runs @schoolforsdg4 is doing amazing work educating more than 50 children a week and proving fruit for the kids once a week, out of his own pocket, now with steemians behind him, he has been able to provide more for the students and we are working on getting enough support for them to provide fruit or some other type of food every day of the week and not just one day. An Education token could be a game changer for programs like @schoolforsdg4
Leaves me teary eyed thinking about it. So much potential to change the world and move away from the old monetary system. Best idea by far.
What I have seen the community do so far has done that to me a few times.
Well it's definitely something we should strive for, and maybe at that point we will have a Star Trek like society, where poverty is a thing of the past.
hey whats up vegeta! god to see people i recognize in the comments of big posts like these!
Educational steemit world is something most of us have thought about and how eASY it would be for a school top use steemit! how homework can be submitted online and allow students to make money! i know one school is running a steemit witness node or plans to i mean, in australia, or so says a cointelegraph article and more schools should follow when they see how much money students can earn, we need to encourage students to just hold the steem and let the steem gain interest, so kids dont try spending all their profit... kinda glad it's not that easy to just spend your steemit profits, unless you know how to use bitcoin but yeah you could probably very easily use bitcoin to buy videogames on steem right? so you can go from steem to steam the gaming market, via Bitcoin... Anyway they should Trick kids into learning with a educational Videogame that can reward kids in Steem....
I think Steemit alone is good enough for children to learn WAY more than traditional school could ever hope to, but a lot of children just wont want to learn, even if you make it more interesting , educational documentaries and videos are the future , shows like Good Mythical Morning can teach kids or Vsauce can teach kids WAY better than a teacher also Crash Course History is really good, we will see people using Dtube and making educational videos for free and instead of Patreon they will use Steemit to make money off their content!
It's a much better way to go about it, I could even see it expanded further into healthcare and other markets. People can share their research on the blockchain.
That's a great idea, education especially in places in the the world where the demand is big but there is no supply this would be much needed!
Seeing as technology is increasing everywhere in the world and simple and cheap smartphones will be available to the masses before other education material this could be a very good compensation.
I am big about that education and I don't mean teaching to pass a standardized test, I mean true learning and true education.
I want a smart media token that helps rare diseases patients. How is I don't know but somebody somewhere will able to do it for me.
Let's get a SMT that can allow people to have a simple App that can donate small pieces of their steem or bitcoin transactions, like those Apps rthat round up, or we have one where we break up the work of finding out the effects of different medicines on many many peopl to get real time clinical data from a smartphone using fitbits to record some heartrate data kinda stuff, we can maybe use those new medical testing devices withbluetooth to analyze your own body or fluids, to do home testing, upload iut to a database to allow al your health records to be monitored by the community, its YOUR body your health records should be allowed to eb uploaded by you to anyone if you wanna let some peopel go over the data to find solutiuons for you, so we should get apps to allow patients to record all their own vitals etc to start recording data about their body that maybe later on AI can look at and analyze pattersn to maybe help...lots we can do with a medical blockchain, and theres the cure coin stuff, its limited but theres a lot we can do woth genetic research that we need lots of ciompurting power for to fold proteins etc, also we can emulate your brain and give you a virtual body and allow you to record your brain and allow your conciousness to exist in a computer simulatiuon you can run with Ethereum and Golem and ys you would have to PAY for the many peta hash you would need to simulate or emulate your 3d brain in a 3d simulation program like a videogame where you will live where you have access to the internet, but then you could just live on as a simulation oif your brain, you would need to work to pay for the emulation of you, your simulation will need electricity and processing power but youll be able to afford it with steemit as the first emulated human!
I mostly post here about the people who haven't been successful in their lives due to their circumstances or for any other reason. Started a series "Untold Stories of Unsuccessful Persons" andI am thinking about making a wordpress blog and continue my series there as well. It will help me to share the stories of those people outside of steemit community.
Adding to the above, I have a plan of exapnding my idea of helping people by not only giving them the money but also some relevant skills through which they can earn their livelihood.
I have actually don't have a complete idea about SMT but one thing I'm pretty sure, I wouldn't be needing Google Adsense shit on my blog and I can surely reward my blog followers via SMTs.
definitely OCD token :D
tokens to incentivize curators and enhance curation!
Hehe, that could be something. ^^
we'll launch it on OCD's one year anniversary (: with SMTs, certainly the possibilities are endless!
And certainly interested to know more about your project - all the best!
what about a FITCOIN ? you can use it all over the world using it for personal training, nutrition sessions, having a workout in a crossfitgym (WOD) or buying some healthy food in an organic shop...
I would totally use this
I like the idea of a news site. where readers and publishers are paid in SMT.
Also,blogs replacing google ads, and using SMT.. For readers,comments on blogs, like wordpress blogs for example.
The possibilities are endless. There are literally millions of ways SMT can be utilized.. It's just of matter of taking action and doing it...
Its gonna be awesome! Best part about it they will all be built on one of the most advanced blockchains out there!
How about a charity token? Projects could put forward their plans for inclusion which would be looked over by a board of sorts and the money gets distributed automatically.
Just an idea. I haven't really grasped the way that it will all work but I'm definitely excited for what this could mean for the Steem market.
Nice one :)