RE: SMTs and the Emergence of New Steem Business Models
Neither the VICE token nor Bob's Repair are planning to use SMTs. I have talked with the head of the VICE token project and he confirmed that they will be forking the Steem blockchain code and running their own separate chain and not using Steem or SMTs in any way.
They are doing an airdrop of tokens to Steem token holders however, so any of us who held STEEM back at the end of December should receive some free VICE tokens when they launch.
Bob's Repair is a bit more complicated. If I remember correctly they are going to be primarily using an ERC-20 token and some Ethereum smart contracts for their primary business but will post user reviews on the Steem blockchain.
In one of the posts on SteemIt.com initially announcing the project I asked if they were going to use an SMT and someone who was associated with the project - might have been @virtualgrowth - don't remember offhand, said they were not planning on creating an SMT.
Nevertheless, they say imitation is the best form of flattery, so while the VICE token project may have the technical ability to start their own chain, many other projects may not and will hopefully opt to use an SMT instead (when/if they are actually released - i think that was probably a big reason behind VICE choosing to make their own fork).
Interesting, Vice wants to start their own Steem blockchain...
Get paid to watch Porn man will never get any more work done ever again lol.. looking forward to all the new things that will be developed on steem blockchain... the internet is changing people.
Get paid to watch porn sounds like an interesting idea. It will get people's attention until they realize whatever you get TINY compared to the inflation needed to sustain this reward system
HR MANAGER: Tell me about yourself.
ME: Screw that! I watch porn for a living. You're fired!
Love it!
Nice profile pic! Just sayan.
vegeta yes now all steemians are officially involved in the adult industry
Whether they want to or not lol... they can always give me their stake if they don't want it.
There's only so much porn you can watch at a time. An industry will bloom to develop tools to give the impression that you are watching porn continuously to earn the tokens.
doesnt matter thats not how steem works man, on steem do people get paid just from getting views? NO we arent selling ads, people who earn vicepowet get to upvote content and produce more vic tokens to pay the contest producers like dtube
Another token to power up and HODL.
Doesn't matter you and the content producer gets paid, so it's a win-win.
Agree. Blockchain is the future in every part of the industry :D
I can get free bitcoin.
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Most of us don't have liquid STEEM anyway. Will the air drop includes those who only hold Steem Power?
This is all the information there is about the airdrop:
So I don't know, and it seems like we wouldn't even get them for 3 years for some reason...
Oh shit! A lot of things can happen by that time. Blockchains are everywhere and nowhere. Nevertheless, I love the idea of ditching our employer(s) to become a full-time porn consumer.
Since you are reading this anyway, I'd like to take this chance maybe you could support my proposal to put every sexual activity on a blockchain. That way we could reduce heartaches brought by cheating in a relationship.
How do Steemit users hold VICE tokens?
they will be airdropped so i guess you will wait for vice wallet and login with your steem active or owner key to redeem vice tokens like bitcoin and bitcoin cash
As long as they don't give those tokens to 3 year old then I'm happy :)
exactly!!!
Does this go for steem power ? now does an airdrop work with steem I am sure if its here on steemits wallet its not going to be supported?
There's really not much information about it. This is what it says in the whitepaper:
No idea why we won't get our airdrop for 3 years? lol. Anyway like I said I think in the end it's all good press for Steem.
If they would have used SMTs it would have been fantastic... now there is just a new fork... diverting attention... but as said... I think the no-update-situation means that there are massive problems and we better should not expect SMTs anytime soon.... :(
Thanks for clarifying this @yabapmatt. It seems unclear what is going to come out the other end with both of these and we'll update this @sndbox article once we get more info.
Thanks, i'm guessing you're somehow involved with @sndbox? Any way I could get in touch with you? I saw you guys did an event at Temple in Philadelphia recently and I'm involved in the local Philadelphia Steem group, we have meetups once a month, and would love to maybe work together to grow the platform in this area. Let me know!
Oh that sounds great! Yes, I'm part of the team and feel free to message me on Steemit.chat. I'll let you know the next time we might arrange a social meetup there with the class (likely later this spring or early summer).
upvoted. nice post
Thanks for the info... When I read the whitepaper I was not sure either if they just had used the wrong term "forking" instead of "SMTing"...
Appics has removed all the references to SMTs as well... As no updates are coming through, I assume the best thing is to forget about SMTs altogether.. It seems like they are stuck and so all the other projects drop or never intend to use SMTs anymore...
Hodl