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RE: Why Are Smart Media Tokens Not on the STEEM Blockchain?
Everyone was under the impression that the SMTs would be on top of the Steemit blockchain, kind of like ETH's ERC-20 tokens!
Everyone was under the impression that the SMTs would be on top of the Steemit blockchain, kind of like ETH's ERC-20 tokens!
Rightttttttttt and then when they made that comment it brought some confusion.
Hope we as a community can figure out what is actually going on.
The OP didn't bother to find any facts, instead he jumped to conclusions. And you are just going to jump there with him? He at least acknowledged he didn't know for sure.
(Which didn't stop him from slinging mud.
The OP is taking a direct quote from the representative of Appics.
He is taking it out of context and I know it isn't on purpose. This "SMT" is being done on ETH. :) There are no SMTs yet. The whole thing is a being misrepresented.
Respectfully. I disagree. These ICOs are with Steem and they will be released the third quarter of 2018.
Appics website says: SMT DEVELOPMENT Q1 2018 Ongoing SMT protocol development by Steemit Inc.
Token distribution says: 50%
ICO
20%
APPICS
20%
ECOSYSTEM
5%
STEEMIT
3%
REWARD
2%
REFERRAL
Whitepaper says....
8.1 Case Study: Steemit
8.2 Performance and Scalability
8.3 SMT Meta-Token
8.4 Storage
You don't have to be respectful. :) No worries. I do not have enough confidence in my own understanding to find the words to clarify. Sadly, I do think the "Quote" is "Incomplete" at best.
If not totally wrong, but I don't have the ability to explain it.
Insert frustration here, but it isn't at you in anyway.
I love how kind you are :)
I totally agree it is incomplete and appreciate you writing a post as well.
Hopefully someone in leaderships explains. If not that should say volumes.
And rightttt any frustration is at the leadership not at the community.
Amennnn @jeezzle I think the community is waking up which is awesome.
Like @whatsup said the whole thing is being misrepresented by so many parties. And the fact that the leadership doesn't clarify should speak volumes.
What do you think people do they are confused and want answers. Especially when people have money and time invested. This is not mud slinging just made this post to bring awareness and hope to get an answer.