RE: Advertise New Steem Smart Media Tokens White Paper?
I'm glad you are excited for this new development, Jerry and I see other big fish are too. However for me - and I imagine a few other tiny minnows - this means nothing because I do not understand it at all. I understand not one aspect of it.
I've just woken up to this excitement and read a few posts so far. No luck! I still have no idea what this means and what - if anything - I should do to adapt to whatever this might be.
Do I need to do anything, or can a new minnow stay in the dark and still succeed on steemit?
"Go read a long whitepaper by Ned, Sharon and all will be revealed!"
Thank you! I have tried to read a few other "papers" of that ilk and gave up. I am not educated enough for this.
Today I am trying hard to actually post a post on steemit which is enough work already for my technically challenged brain as I go through my 20+ checklist topics of formatting and other things I need to do to make my posts successful here. Should I drop that plan and study up on Ned's New Idea instead? Is everything different on steemit now because of this announcement? Or is this just something for the big fish to worry about?
Remember you have new people here who know very little about crypto and blockchains and tokens (new word for today!!!)
Please Jerry, write a post called "Ned's new token scheme for idiots and what you need to do now (or not)" so we might have a clue. We are counting on you from the fog of steemit. Thank you!
Done! https://steemit.com/steem/@jerrybanfield/steem-smart-media-tokens-for-dummies
Thank you! On my way...
Jerry take a look at #bitshares they've done it already a long time ago...
IMO, there's more incentive to post on Steemit than ever before. Why? Because just the anticipation of what these "Smart Media Tokens" (SMT) could bring to Steem (the currency of Steemit) is very likely to drive Steem's price up, possibly higher than it has ever been.
So, yes, you should continue to focus on your Steemit posts and don't worry about not yet understanding everything about SMTs. That understanding will come in time as we start to see people on Steemit experimenting with making their own tokens.
OK! I will take your advice. Thank you - I really appreciate your taking the time to help me. I read three more posts after this one and gave up anyway :)
Back to formatting!
Thanks @jamesbrown for this great response to @fitinfun comment since I am in the same boat as she is and I guess I should just concentrate on making posts and slowly all this will make sense. But I do have a question if you don't mind. Should I be buying more Steem?
I don't feel right answering that question for you, for many reasons. Most of all, I'm no clairvoyant, so I can't tell you what Steem's price will do.
What I can tell you is that I think the odds favor a price advancement in Steem for the next month or two, thanks to this SMT news. Whether that opinion is worth $0.02 or not, I dunno. That's up for you to decide.
Thanks for your reply. I really appreciate your honesty.
I am so with you @fitinfun. I try to follow all this exciting news, but no matter how much I try to understand I still feel lost. So I'm glad you asked this question because I had the same concerns as you and I fee like we are in the same boat.
Aside from on this post - I was told in another place I can safely ignore this exciting news for the moment! So that's what I am doing :) It's so nuts here - with all these different new ideas. I have quite a number of issues on my "ignore for now" list. I just wish my "need to figure this out" list was shorter!
Thanks for confirming this with me. It can be sometimes so overwhelming and I don't want to miss on anything that can help me in any way.
But I made a new friend today, you and that makes it up for all this crazy stuff that is going on that I wish I could understand.
Aw! That's so nice of you. I'm very glad to connect. I think we should just stay focused and post now. :)