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A Bullish Case for STEEM as Ned Chats SMTs in Korea

I was flicking through my newly cleaned up Steemit feed today, when I came across @techblogger’s Smart Media Token chat blog.

The blog itself is worth the read if you get a chance, but I wanted to bring up a related YouTube video that I found in one of the comments from @jpederson96:

Now if you skip through all the live feed gaps and Korean language chatter, Ned speaks in English and goes over SMTs.

The two things I found most interesting, was first when he spoke about dTube moving to a SMT, with its own ICO to come from the relauch. Then second, when he went into talking about wanting SMTs to essentially test if account based voting (1 account, 1 vote) is better than the current stake based voting (bigger accounts have a bigger vote) system.

He can’t change Steemit and that’s not even on the radar, but they’ll have a lot of test cases going forward.

Listening to Ned speak, actually got me pretty optimistic about the future of Steem because it once more highlighted how much bigger STEEM is than just Steemit.

With some of the ridiculously unfair ways that Steemit operates, in no way rewarding good content like intended, I worry about the future of Steemit all the time. But I’m now feeling that even without Steemit, STEEM is still where I want my money.

SMTs will open up an entire ecosystem of coins running on the STEEM blockchain and if successful, this means that potentially Steemit could die as a platform and STEEM as a blockchain and coin, would still flourish.

Exciting, don’t you think?

😇.

Turning to the charts and continuing on from last week’s STEEM having the last laugh blog, I’m continuing to really like what I see.

Check out the daily first up, below: