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RE: Smart Media Tokens: The Key To Making STEEM One Of The Top Blockchains!!!!
Try as I might, I have not been able to wrap my head around the exact relationship between the creation of SMT’s and demand for Steem (as reflected by the price of Steem). I understand that issuers of SMT’s will need SP for bandwidth reasons, but how to quantify that?
It is already quantified in terms of the amount of SP versus bandwidth. We each have bandwidth tied to our accounts based upon the SP.
How many transactions can take place for the bandwidth of 1 SP? That I dont know but I am sure Steemit has it down. Plus, bandwidth replenishes like VP....at what rate I dont know.
I would figure all that data is available...perhaps one of the steem blockchain experts could look it up.
It would be interesting to know....
Preparedwombat- read toward the end of the steem SMT whitepaper. Essentially every SMT will demand a certain amount of STEEM for their communities to participate in the various rewards pools. Massive demand against moderately inflating supply of Steem tokens is a recipe for gargantuan upward price impact over time.