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RE: Explainer: Value Flows on Steem with SMTs [VIDEO]

in #steem • 7 years ago

How much flexibility do companies have over Steem is the question? Does a company like say Reddit have the ability to launch an SMT which then allows holders of this token to for example receive a share of the revenue of Reddit.com? In that case I see huge huge potential for SMT because all these media companies are not going to want to recreate Steem if they can just launch their own tokens over it and have their own economies or economic kingdoms.

7 years ago in #steem by
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     7 years ago 

    This is the best-case scenario that I imagine. Like content/audience auditing software for organizations that already exist to evaluate where eyeballs are coming from and where dollars should go regarding producers. A turnkey solution

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       7 years ago (edited)

      Yes, this is the same question I had (if I read your comment correctly). What stops them from launching their own cryptocurrencies?

      Your post confirmed what I was pondering:

      ... these media companies are not going to want to recreate Steem if they can just launch their own tokens over it and have their own economies or economic kingdoms.

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