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RE: SMTs and SteemIt, Inc. - Dear Ned
All Smart media tokens need to hold Steem power in order to have bandwith to complete transactions. This puts incredible demand pressure on Steem.
All Smart media tokens need to hold Steem power in order to have bandwith to complete transactions. This puts incredible demand pressure on Steem.
Instead of transaction fees on Etherium, Steem transactions are free but limited to a certain amount of transactions. If appics is expecting to have a million users transacting daily, they will need to hold a lot of Steem power in order to have the necessary bandwith for all their users.
appics site is very confusing . I'm not sure they understand smt or if they are actually an smt
Rightttttttt its a huge misrepresentation. Lawyers are going to have a field day with this one.
This is the piece that requires explanation and discussion in order for many users to understand.
cool post @whatsup im resteeming!
Cardi b wants answers about taxes, whatsup wants anserws on SMTs lol
I think @pocket tokem by @timcliff will be what SMTs will look like
So, in essence, you have to put a huge amount of capital in for your website to adopt SMT?
Hmm... If the transactions are initiated by your website... if the transaction is done using for example the posting key of that user, than that user must have Steem Power.