Thank you for the in-depth write up.

As for Vice token, I would really need to see a whitepaper (and I don’t mean Kleenex) before I’d even consider investing.

Isn't this true for all tokens? I believe the first rule when looking at something new is to read the white paper and determine if it makes any sense. The second thing to determine is whether there is a market there or not.

In Vice case, I think they found a market. That said, I agree with you about the token (actually SMTs in general), where is the value coming from. I presume the ones putting this together are going to have to buy STEEM, at least initially, to give their tokens value. That was one thing @ned mentioned in a video, those who develop SMTs will want to buy STEEM to give value to what they are offering as opposed to just some token with nothing behind it.

They could be onto something huge there. There is no doubt that porn is big business and a token based system could be worth a ton. More details are needed but I would consider putting some money in simply based upon the market potential.

Oh, I think to answer your question about the storage of the content, it seems the DTube model is going to be the common one where a percentage of all moneys (I think 25%) generated on the system goes to the housing of content.