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RE: Why the proposal of leveraging the Steem Blockchain with Social Media Tokens is MASSIVE news..!! Effectively becoming a "Gold Backed Standard for Social Media"...!!"
Just watch the first part of this interview, @ned explains it:
1 - increase demand for STEEM as the blockchain's bandwidth token
Nice video, haven't seen it before. Is there any source that tells more in detail about creation of SMT besides Whitepaper?