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RE: Steem And The "Siloed" Internet: The Battle Lines Are Drawn
According to the white paper, any site that creates its token using SMTs will provide the power that comes from having steem power. This means that the SP you have on steemit will also apply to any site that ends up tokenized on this blockchain.
I had to read this 3 times. I don't think we realize how huge this could be for individual users if SMTs have a smooth implementation AND if they gain traction.
Yes - I thought I remembered reading that - thanks for pulling out the quote. This is indeed a massive point. This makes steem into a reserve currency for whole ecosystem of apps.
Like a smaller ETH. :-)