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RE: SteemTowns : could Smart Media Tokens (SMT) be the missing link?
Hi @brimwoodfarm, I'm still trying to get my head round them. The White Paper is a bit daunting for a semi-tekkie like me, but I have found some of the posts I mention useful - particularly @dougkarr 's animated explanation as a starting point.
Even more interesting is a post that @dragosroua put out this morning about the limitations of SMTs - something not dealt with so far on other posts that I have spotted - worth a read :
Thanks, I'll go have a read of that now. I watched the animation - which did help a little in my explanation but I'm still a bit foggy on it. I'm guessing each TOKEN equates to a pot of money which is spread across an individual website's reward network? And the currency is in Steem? So it's basically like setting up a Steemit platform on every website that wants to participate? I'm not sure I've grasped it yet.
I think that is getting close. I guess we will need to see some real world examples of SMTs in action to fully get to grips with it.