RE: Let's talk about investing on Steem.
Sorry, I "TL;DR'ed" most of this, since you referenced 4 other articles in the first paragraph. I did however think I skimmed reasonable well, and picked out this major highlight:
you're putting that money in with the idea that the company is going to use it to create something, and that something will have value, which is reflected in the value of your share of ownership increasing, or your dividends.
If STEEM is only hanging their hats on SMT's for businesses gaining access to our blockchain, they better Hurry It UP and roll it out, already. I mean a finished product, not a half-a$$ facsimile.
Personally, I'd like to see ad income infused into the Blockchain, by making the companies purchase STEEM to get their ads onto our feeds and other visible areas. I know this is anathema to some, but this FAKEBOOK-FIGHTER Image that some perpetuate will just fade unless something is done to actually monetize the blockchain in a MAJOR WAY.
THIS looks promising...
I think we can change that, and that's why I unexpectedly started a new project today: @forinvestors. That account aims to be an informational and social resource for entrepreneurship, both founders and investors, and help us move from a bootstrapping economy to one with structured equity investment, with all of its potential advantages.
SMTs are going to be a big deal for this, as one available class of SMTs will be ownership tokens, essentially stock certificates on the cryptographic open ledger. @buildteam is already planning one, as I understand it, and with those available it will become much easier to develop robust corporate ownership structures on Steem.
I'll be writing more about this on that account in the future.
WHO will be issuing these "blockchain ownership SMT's"? ST.INC would be the only one, unless a spin-off corporation is made. I was a big time (dolphin-sized) early adopter of the as yet unissued SH tokens, and as long as I am getting my weekly 1000+ tokens added up I will likely stay in that initiative, or until something better comes along. MIght even sell the ERC20 tokens if they have a substantial value, and buy back STEEM if it stays so low. I am "all-in" on Steem, and would WELCOME a chance to have these "ownership SMT's"
I am Staying Tuned, @tcpolymath :D
Great Article, I will read in more detail and wait for more, following this and the new account...
I'd suggest pitching this idea to the other front ends. It's clear that Steem Inc. doesn't really see Steemit as an important product in any way. It's really just here for minimal viability as they look for other people to develop front ends. There's no reason Busy or Steempeak or Ulogs or someone couldn't do that with advertising if they wanted to.
They aren't blockchain ownership SMTs, they'd be individual company ownership SMTs, which are based on Steem in sort of the same way that equity stocks are based on their primary currency. Anyone will be able to issue an SMT. Definitely look into what @buildteam are doing if you're interested in that.
Awesome Info, sometimes I forget the differences between Steem, and Steemit & other UI's...
Buildteam you say? CHECK.
and your new account is @forinvestors ! Just ordering this in my mind, Thank You!
By this time next year I will be looking to dispose of a good bit of "disposable income" per month. Definitely not Institutional Investment Level income, but it could make my retirement rather luxurious as opposed to simply comfortable ;-)