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RE: SteemFest²: Bridging the Gap Between Perception and Reality
but why? what's the point of Red Dust Art tokens? Why would anyone want or use them? Why not use actual money like Bitcoin Cash or Dash? (can't use BTC b/c of the tx fees).
Gotta have a rly good use-case to create your own token. Otherwise it's gonna be a lot of work and you have a worthless token to manage.
Ash, have you seen this talk? It may change your perspective on why someone may use a random, niche token.
Bitcoin: Money as language & the multi-currency future
watching it now. I realize that tokens are expression and language. I get the incentive structure of having your own coin (especially if you have a following). I get that you can create money and attempt to bring value to it. I completely support all of that, but I also realize that money is the most desired commodity and over time, there's little purpose to have millions of tokens. That's not taking away the idea of "airline miles" or the reasons to purpose "Ashecoin" if i've built my own economy and wanted to reward holders.
ok, the example of paying a token to Folding@Home makes a ton of sense. Maybe it's not worth much, but at least it's something that can create a community. Thx for the share :)
It's one of my favorite talks of his. I watch it every once in a while to get a feel for what's possible and what a future version of humanity might look like.
Thanks @lukstokes, I really appreciate your work here. I love collecting data, seeing the patterns and trying to figure out how I can put this to work!
You're welcome! :)
It seems SMT is not for us common folk.
I feel the same and since I heard so much about it at the fest, I really would love to find out more, especially how we can make this work for us so called “common” folks.
That's how I feel but isn't that what SMT is for? Create your own token for products. If I were to build a Red Dust Art Gallery and have a stable of artist under me than my tokens may have more value....I still don't understand how the smart media token system works.