Great video Hive account@louisthomas ! I love how you are genuine about what you know and what you don't understand yet.

You said that Smart Media Tokens are a way that steem enables anyone to create his own crypto very easily, which is correct, but this needs a bit of clarification.

SMTs are a way to "tokenize" and monetize the internet. It means that anyone will be able to monetize his website, exactly the same way as steemit is monetized. You could say that Steem is the smart media token for the platform steemit. Soon you could see the "Louis Thomas token" which is used to monetize content on one of your website, for example www.louisthomas.com.

This means that users will be able to buy this smart media token, and even earn this SMT by commenting and by curating on your website. All the SMTs will be launched from the steem blockchain, so steem will become "the Ethereum of Smart Media Tokens".

What is amazing about SMTs is that they are very easy to implement and very customizable. While creating our own SMT, we will be able to customize the inflation rate, coin supply, etc... When a big website or mobile application decides to launch its own SMT, it will have the possibility to do it as an ICO.

Today, the value of steem comes mainly from the use of steemit.com (but also other growing platforms like Dtube). After the release of SMTs, which is due to be in early 2018, thousands of websites and mobile applications will be able to add SMTs on their platforms. Every social media, newspaper or personal blog that uses SMTs will add value to the Steem blockchain, hence the huge potential.