Smart Media Tokens Explained // Interview with @raised2b

Hi Friends!

If you are anything like me, then you probably have a lot of questions about SMT’s and how their implementation will actually affect the Steem blockchain.

This is the second part of a two part interview on Smart Media Tokens with Hive account@raised2b. He is an IT Professional, and longtime crypto enthusiast. This guy probably spends hours every day consuming content, interviews and news on all things crypto-related – and SMT’s are no exception.

If you missed Part One, you may find it beneficial to go back and watch that first.

He has the unique ability to understand things on a highly technical level, and then distil the information down in a way that is more easily understandable. (Especially to non-technical people like me!)

I literally had so many questions about SMT’s – that we decided to break it into a two part interview series. Each video is about 15 minutes in length.

Because I am really connected with the Dtube community – we used Hive account@dtube as an example to explore how SMT’s might play out in the real world.

Questions Covered in the Interview – Part Two

We are all excited about SMT’s – but what kind of power does this have to attract people outside of the crypto space to blockchain technologies?

We discuss the struggle of media to monetize their content. Many have been forced to devalue their brand by having cheap click bait adds.

In the example of media outlets – how could they use SMT’s in their operations?

What factors will influence an SMT’s growth in value once it has been created?

We discuss how different communities using SMT’s can learn from each other as everyone experiments with different strategies.

We discuss some of the issues we’ve seen on Steemit and how SMT’s give different communities an opportunity to “fix” problems as they see fit.

Will SMT’s make the actual Steemit platform obsolete? For example, If Dtube, Dlive, Dmania, Dsound etc all have their own platforms through SMT’s … will people just move their content to those platforms and stop posting on Steemit?

We talk about how Steemit Inc. can use SMT’s in their own operations. We also discuss the example of a “Good Person Token” that Hive account@ned mentioned in a recent talk.

How will SMT’s increase the value of the Steem coin? Is it mainly because it will be the trading pair for all of these coins – or are there other factors that will bring value to Steem?

We get a little deeper on the discussion of identity on the blockchain and the role of oracles.

Please support Dtube and watch the video on that platform. Here is a YouTube link for those who need it though.

Thanks for Watching

I hope you guys enjoyed hanging out with us on the deck while we chat about SMT’s!

If you have any questions on what we covered in the interview today – feel free to shoot them below. If I can’t answer them, I’ll ask Hive account@raised2b and get back to you!

Take Care!