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RE: Smart Media Tokens Could Bring Mass Adoption To Steemit Allowing Anyone To Launch Their Own Coins
Excellent overview-- appreciate the explanations. I skimmed through the White Paper; this is a nice "less-technical" explanation.
One of the "side effects" I hope we'll see is a strengthening of decentralized exchanges, as a result of this. Surely, venues like OpenLedger will benefit from this... they seem more likely to take up all these tokens for trading than a Poloniex or Bittrex; and since developers have to (presumably?) "offer" their tokens somewhere' and contributors might want to BUY more that would have to benefit the exchange's trade volume on "major" coins, as well.
Just speculating.
It's exciting news either way... and hopefully will help stabilize Steem/Steemit's position as a long term player in this arena.
OpenLedger would be a good fit for SMT's and I'm sure we'll see othet market makers come online as a result.
The way people interact on the internet will change too. All of this is good for Steemit and holders of Steem.