Smart Media Tokens (SMTs)

[Tokenista]

So, at some point in the past Steemit had an issue where most people could not earn enough to mean anything. So they created a Protocol on the Blockchain by which Smart Contracta could be made, like ERC20 Type Tokens.
https://chainbulletin.com/steemit-releases-token-launching-protocol/

https://youtu.be/w3acqauTdhc

These Tokens are currently one of the best options for a company with little to no resources to create their own Cryptocurrency, and growing it by building a community on Steemit. ERC20 Tokens are more complicated because they are not as liquid upon creation, require some coding knowledge, require Ethereum Wallets which themselves are a barrier to entry for the non-tech savvy, and are not connected to a Social Media Crypto earning platform.

Ethereum dApps are for Ethereum Miners to use, others coming in are extra really, there are others but they are Buying gas power and learning Ethereum. Graphene SMTs are on Steemit, a much better GUI model.

If you have skill as a Programmer and want to Upgrade BLURT, these are the Steemit git Repos for Smart Media Tokens (SMT) which are now most well known from Steem-Engine/Hive-Engine Tokens made by Aggroed, DTube and APPICS (Scot Bots). If you were to implement any of this, you could then announce it on BLURT and both earn BLURT and Trade Tokens for BLURT. You could be the BLURT Aggroed:

https://github.com/thilobillerbeck/awesome-steem

https://github.com/harpagon210/steemsmartcontracts

https://github.com/harpagon210/ssc_tokens_history

https://github.com/holgern/steem-scot

https://github.com/ledgerconnect/steemconnect

https://github.com/selmi-karim/steemitgram

https://github.com/steemit/smt-whitepaper

https://github.com/mukai154/webblen-io

If anyone wants to help Build the Future, I added a question on Quora regarding creating Smart Media Tokens (SMTs) from github meant for Steemit, by forking them to BLURT
https://www.quora.com/unanswered/How-do-you-Build-Smart-Media-Token-gits-on-BLURT-a-Graphene-OpenLedger-Bitshares-Steemit-based-Blockchain

I am sure someone will accomplish the task of creating SMTs on BLURT at some point, and earn themselves plenty of money. But if the process could be explained on Quora, or at least discussed, then people will have a good starting point for Future Graphene Token Projects.

I will continue to add more and more information to BLURT discussions so that there is even more that can be achieved by the community.

Because when you go on Google and search "BLURT" and just keep scrolling and reading, for hours and hours, this is what you will find, and this is what you were looking for. I am putting together information to create the Future, by letting other people find it all in 1 place.

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[Tokenista]

This is a good place to start, it was written when they were created
https://steemit.com/smt/@nanzo-scoop/dissecting-the-smart-media-token-smt-whitepaper-an-easy-overview

Scot Bot Tokens
https://steemit.com/steem-engine/@aggroed/scotbot-launch-time-to-make-your-own-custom-token-powered-by-proof-of-brain-on-steem

DTube Clones
https://steemit.com/dtube/@heimindanger/steem-engine-tokens-dtube-scottube

[Tokenista]

Counterparty is like the Steem-Engine of Bitcoin
https://github.com/jsimnz/Counterparty

[Tokenista]

Counterparty Web Wallet
https://github.com/CounterpartyXCP/counterwallet

App Wallet
https://github.com/IndieSquare/indiesquare-wallet

This is Master Coin, and early similar Project
https://github.com/mastercoin-MSC

[Tokenista]

Openzepplin for ERC20
https://github.com/OpenZeppelin/openzeppelin-contracts

[Tokenista]

TRC20 TRON Tokens
https://github.com/tronprotocol/tron-contracts

So I have been part of Crypto for a while, and I missed TRON happening and until yesterday I was not sure what it was.

If anyone else is not aware, it is an ETH Clone. TRON was an ETH based project, but it got so big they just made their own TVM like the Ethereum Virtual Machine (EVM).

So that makes it make a lot more sense.

[Tokenista]

So, with Analytic Tools, just a thought.

If there could somehow be built in features in any backend Analytics Tool that measure things like who is giving the most upvotes to the lowest historical BP rewards record accounts; or whose votes have gone to accounts that have then gone on to curate to the lowest rewarded accounts (kind of like who sired the most beneficial curators). This way there could be like a lean towards finding those with the least historical BP rewards by all high BP accounts, because they would appear on the chart.

Kind of like Karma and the Law of Dharma. Alms.

There was a description of Karma that may help describe the concept. So if I curate simply seeking people who will return upvotes, I benefit a small group of active curators and I likely seek out high BP users, this is a Low Karma/Quick Returns model.

If I simply seek out the Poorest and give them the most, I am now in about a 50/50 Karma/Returns Model, with a hit taken to returns.

But if I curate those, who in turn themselves become active Curators holding and leveraging BP, this is more like 100/100 instead of 50/50. Not only am I giving Poor people money, I am building a Charitable community of Curators.

And an example of how this helps.

1. In the obvious way, the more I seek out low BP users the higher I am ranked on the page for that

2. If I am a Whale, and I want to rank up in model 2. Maybe I just bought my BP, or was part of the airdrop and am coming in late, or whatever the reason is they are a low ranked whale.

That whale can seek out users whom are at a similar or higher rank to themselves, and support them, which then in turn raises their rank.

So it still allows for people to seek out active Curators who may return a vote, but they also then are supporting people based not on BP levels but their community activism.

This new Whale is now lead to vote for effective community organizers, in order to raise his rank to match his Whale Peers in the siring charts.

This could also be built into some kind of general Ranking System.

Like how Reddit has Karma, but that it a different concept similar to BLURT or STEEM with no trade value. But like how Bitcointalk or many other forums have like "New Member", "Senior Member", "Moderator", like this Discord Chat and the Facebook group too, BLURT could have like a non-Static Rank.

The Dharma, Model 50/50 and Model 100/100 would also support not powering Down. Because if I have low BP and I am new, and I start getting votes when there are 500,000 users and Curation gets difficult.

This new low BP user is encouraged to participate in the ranking system, regardless of how low their rank is because they want to get the good votes. If he Powers Down he isn't being Sired, and is kind of lowering his stock. A Fresh users who saved as much as he can raises his stock.

This could possibly even be part of a system where the Poorest users (in terms of rewards) over time are measured. So that if I cash out all my BP right away I lose my stock, but if I get no good votes over 1 year, maybe now I am back higher up in the ranking.

And BLURT Bots would be built measuring those Charts.

And the "stock" would be natural if everything else was measured.

1. So, by being new I have a setting, because time being measured would be good also. The longer I am on, the higher my score goes, the more BP rewards I get the lower it goes on the Poor Rank Chart.

2. But with higher BP rewards, turned around to vote on the Poor Charts, raises me in the Siring Charts.

3. The higher BP I get, with higher subusers in turn trying to hold BP to vote on the Poor Charts, and the whole Poor Chart knows they can curate to get up in the Siring Charts, so everyone's "Stock" is built in.

The Siring Charts could include maybe a tab setting or dropdown option to see:

Highest BP Sired ever, to most Low BP Users, to most BLURT Users Generally, to BP that never Powered Down, most New Users, most Forgotten Users.

And people would use these, try to be on these, and create Bots that read these for them.

Then like

(# of votes × user BP, continued, meaning, to whatever layer, this should start with a # of users × user BP gained by those users, then this should repeatedly look back to that same calculation like a pyramid chart where # of users voted for × BP gained by those users) then your rank in that chart × X

The Pyramid chart first means whoever's underlings hold the most and use it, raises that person up.

So (# of users voted × BP gained, continued) × New Users Voted

Or
(# of users voted × BP gained) × ((time on platform for vote receivers × last post newer higher weighted) / rewards ever)

So new users Sired rank, and most needy sired rank.

This also creates rarity and numismatic value. The Model of "Merit, as we see it" is basically just a little club, and certain people earn the most.

"I'm a Whale, jump through my hoops and then you can get a fair shot. In fact, I am giving you a fair shot by letting you jump through my hoops... unless I don't like you"

That is Merit on a Subjective basis like this with no Constitutional Directive of Meritous Rights. It is a Club.

If populace based Poorness and Charity are commodities, then suddenly there are more BLURT holders and not just a Club.

With the Expanse of BLURT further than that of STEEM, it promotes the scarcity model. Each person individually values their's more because they have a different share of the Pool.

To expand on the Graphene Blockchain Karma Concept.

The base formula holding up everything is:

# of people
x
Amount of BP earned by other accounts any individual votes for from the time this person first votes

This goes in a Pyramid, so that all persons are timestamped, and even if everyone votes for everyone, someone is still at the top and someone at the bottom based on when they voted.

This can be made more precise by adding a most recent vote weight so that each individual is rated on the above criteria if early vote, but their ranking goes higher for recent votes. Exact BP earned from the Sire could also be included.

From there it is calculated for the most needy.

(# of users voted × BP gained) × ((time on platform for vote receivers × last post newer higher weighted) / rewards ever)

Then from there, a value can be added to various other things, just as an example, a new user could be given a weight of 100. And that number is divided by their total rewards to determine their neediness value. Then Time joined maybe goes up by a value of 1 every day, so by day 100 your neediness is 200/total author rewards.

Then you weight the Siring charts with the Neediness Values under the Sires. My BP earned over time, and recent vote from my Sire, etc, all of that correlates directly to the Neediness Values. I become less needy as I am Sired and now want to raise my own value in the siring charts.

These Charts, like a top 100 Music Board list with linked accounts presented based on Neediness and Siring.

These Rankings Boards are Analytics, they can be combined with my Dashboard where I view Highest Post Views, How Many Views I got this month, How Many Followers I got, how many etc, etc, etc. Like YouTube or Google Analytics, the Analytics for Neediness and Siring should go there.

This could then be in a Scot Bot, or Smart Contract. This could be done many ways, but a Token could be rewarded to any number of various wallets, if not a Scot bot maybe an Ethereum or TRON wallet. It would reward people based on their ranks in the charts.

And they charts could include various things.

The Charts could be combined with Scripts or Bots, like SteemAuto so you log in and put your account on Autopilot and check your Karma Balance.

Or it could be like DTube.

But you are rewarded for your Rank, and various other defined tasks or achievements.

This would be a Token, the traded itself, so people can further possibly have a weighted rank on the Scot Bot, tied to their chart ranks and their Karma Holdings, and people could buy Karma and get more done to then expand your reach to help others and raise your BLURT.

[Tokenista]

https://hummingbot.io

[Tokenista]

I want to explain to everyone how the Scot Bot economic model works, and how you can compare various existing DTube clones and other implementations to see how it works.

So first, Steemit Scot Bots are built on the Steemit Smart Media Token (SMT) Framework, a popular example would be APPICS. A Scot Bot is a Smart Media Token with STO Staking capability, meaning people can stake, and then a Bot that reads all the Data from Steemit, and uses it in a Token Wallet. Nothing changes about your experience, you just continue using Steemit, you just post in the APPICS group, use their tags, and use the Steem-Engine Wallet to view your extra gains.

DTube is another popular version, it is like YouTube, but you earn DTube Tokens using the Scot Bot Model.

If you then look at the Marijuana ones, like Weedcash, it seems like there is no one telling anyone to Buy them. There is the basic STEEM based incentive to Buy to raise your Vote weight, but no one is saying "Use your Hive to Buy Weedcash, then just sell Weedcash earnings". They have a solid base, but there is no building being done.

To better understand it all, it is better to understand PoS, the first was PeerCoin, then came coins that used Stake to Hash Equations to find Cancer Cures, and AIDS treatments. PoS is where all the mining is done in your wallet, and your mining power is based on your holding of the currency, the more you have the more you mine.

This works best when it is like interest.

All Cryptocurrency, and Fiat, Inflates, Bitcoin has new Blocks and Miners are rewarded, PoS and PoW are not vastly different, but PoS, just like PoW, must be distributed well.

If 5 people mined Bitcoin, and only let the rest of us mine 5%, no one would want that 5%, it would not be the biggest Crypto.

Your PoS must be well distributed.

It also is best to have low Block rewards, 4%-15% per year is best. And it can work extremely well with massive growth as the currency goes up, and maybe 4% of a $0.02 coin you got lots of is now $4,000 since you got it cheap.

Steemit, Hive and BLURT are PoS, and they are Social Media sites, this means you can earn it and not ever hear ththe terms "Proof of Work" or "Proof of Stake".

And Steem-Engine, Scot Bots, are built on that. So people can invest STEEM, which they earn by Proof of Brain, and invest those with others, to then create value, and earn even more.

Dark Energy Crystals (DEC) are a Steem-Engine Token made by the Steem-Engine creator Aggroed, the Token is used in the game Splinterlands. DEC are listed on exchanges outside Steem-Engine, so they are traded just like DOGE, or LTC, or ETG, or ERC20 Tokens.

This adds a whole new layer of finance, DTube did this also, many Scot Bot Tokens are listed on outside exchanges. Which brings value and expansion.

[Tokenista]

https://github.com/openhive-network/hive
"Hive aims to be the preferred blockchain for dApp development with Smart Media Tokens at its core. With SMTs, everyone can leverage the power of Hive."

Steemit's Smart Media Token (SMT) White Paper
https://www.google.com/url?sa=t&source=web&rct=j&url=https://smt.steem.com/smt-whitepaper.pdf&ved=2ahUKEwi2kt6D7aHtAhVQTjABHQnzB_8QFjACegQIBBAB&usg=AOvVaw1wIxna23N-M0czk2lBvfcB

These are SMT Posts from Hive, explaining how they have expanded since Steem-Engine

https://hive.blog/utopian-io/@howo/introducing-steempress-beta-a-wordpress-plugin-for-steem

https://hive.blog/utopian-io/@flauwy/steempress-an-open-source-wordpress-plugin-for-steem-developers-wanted

https://hive.blog/cryptocurrency/@cryptossi/xmax-haven-for-dapp-developers-and-investors

https://hive.blog/smy/@aljustun/smart-media-token-development

https://hive.blog/proposal/@fullalt/hivetips-proposal

https://hive.blog/sps/@futureshock/teelkee-the-steem-dapp-builder-proposal

https://hive.blog/waiviodev/@waivio/waivio-proposal-steem-as-a-platform-for-business

https://hive.blog/hive/@yabapmatt/some-thoughts-on-the-future

https://hive.blog/smt/@the-alien/smart-media-tokens-introducing-the-game-changer

Steemit: Under New Management
https://steemit.com/hive-142140/@punicwax/steemit-under-new-management

[Tokenista]

Something that may be being forgotten in some ways, while it is being fully acknowledged in others.

The best way to introduce you to the Concept is the Current DeFi Liquidity Push. Part of DeFi is ensuring you can buy and sell the Tokens you are pulling out of the Smart Contract, the Unicorn Token is a good example to look at if you are not aware of the current situation.

But this Liquidity issue has existed for a while, Bitcoin started by being sold person to person then being sold on MtGOX which was an online exchange for "Magic the Gathering" playing cards, and you had to buy it through MoneyGram.

Then came all the modern exchanges.

But there continued to be an issue, the few first large exchanges started wanting $10,000 to list you, and most projects don't have that to start with and once they had it, it is maybe better spent on the project itself.

Which then created several more exchanges as some Projects became projects to create exchanges, and now there are thousands of exchanges.

But there was never a place that provided automatic Liquidity for Tokens.

If Cryptocurrency wants large scale adoption, the owner of a Pizza shop or Sandwhich shop should be able to get on some platform, create a Token Asset, and use it as a Coupon, or Concert Ticket, etc. This was originally an idea formed by the Bitshares Team, and it was implemented on the Bitshares Blockchain with the OpenLedger Platform. Anyone could pay about 1 BTC and make a Tokenized Asset that is automatically listed on OpenLedger, but 1 BTC is and always has been too high a bar to ask an average shop owner who is willing to try something new, to have to pay up front.

So OpenLedger Assets are basically all the same as the one called Brownie Points. There is an Asset you can find on CryptoFresh call Brownie Points, and that is basically what a Bitshares Asset is because the bar to entry is so high, so it is not a massively accessible platform. Not that no one should use it, but don't start there because it does cost too much unless they have changed the price.

Then there was the EXP (ETH Fork) Plan for TokenLab, where you make a Token on their ETH Chain and it is automatically available for Trade on Token Lab. They launched this a few years ago, but their Coin EXP was like $8 at the time (now far lower price) and the Tokens were $200 to make, so what could be called the Beta Test group never materialized because even that was too high a bar to entry. They have said they plan to launch a simplified Token Lab. If this had been cheaper, we might see Business Coupon Tokens on EXP Today.

Then Steem-Engine, a Platform that allows Tokens to be made and Automatically listed for Trade. But there has not really been a push to tell anyone how to use them as Tickets, etc, as originally Theorized and is probably the right way to understand them. They are like Concert Tickets, or Qausi-Stocks, etc. Around this time is when Decentralized Exchanges (DEXs) became a thing and self listing for ERC20, etc.

And Poloni DEX is now allowing people to self List TRC10s. This is a DeFi push, and an expansion on what has been needed.

But there still need to be more platforms that are at their base like OpenLedger, but better GUI and maybe something like a Steem-Engine Smart Contract that operates like Proof of Liquidity for Poloniex or the Binance Token, but with the Steem-Engine Model where you can pay to create your own Smart Contract exchange Token, and maybe like 2% of all exchange fees go back to the Original Contract.

This is the kind of thing that will move Cryptocurrency into the World.

[Tokenista]

This is the White Paper describing how to make SMTs, this is the foundational document explaining how to create Tokens like APPICS. Steem-Engine is also an example, which is a platform that makes SMTs for you in preset bot and front end packages to choose from.
https://www.scribd.com/document/486175626/Steemit-Smart-Media-Token-SMT-Whitepaper

We will be using this to developed a Token in the future for the Punic Wax Network, we are Currently using Steem-Engine but will create a new one as well.

[Tokenista]

60,000 PUTI were Distributed to big Token Community Leaders and Curators, and 15,000 to myself and originally I sent 100 to myself to test it before it was even a Scot bot. Then there was a technical hiccup where I accidentally put spaces after the commas in the script program, so it wasn't reading votes.

But it takes 7 Days to pay it out, and I have gotten confirmation from most of the Curators that they Staked.

And I just got a 23 PUTI distribution from the Scot Bot, so it should start paying out to everyone soon.

[Tokenista]

https://hive.blog/utopian-io/@harpagon/steem-smart-contracts-the-sidechain-that-brings-the-power-of-smart-contracts-to-the-steem-blockchain

https://hive.blog/utopian-io/@harpagon/steem-smart-contracts-save-and-load-the-blockchain

https://hive.blog/utopian-io/@harpagon/steem-smart-contracts-interaction-via-cutom-json-and-transfer-operations

https://hive.blog/smartcontracts/@harpagon/you-can-now-issue-your-own-token-on-the-steem-blockchain

https://hive.blog/utopian-io/@harpagon/steemconnect-unable-to-sign-a-customjson-operation-with-an-active-key

https://hive.blog/steemsmartcontracts/@harpagon/steem-smart-contracts-make-the-sidechain-s-private

https://hive.blog/utopian-io/@harpagon/steem-smart-contracts-javascript-the-library-that-makes-the-interaction-with-the-nodes-easier

https://hive.blog/steemsmartcontracts/@harpagon/what-s-up-with-the-steem-smart-contracts-tool

https://hive.blog/steemsmartcontracts/@harpagon/steem-smart-contracts-ssc-token-block-production-rewards-proposal-system

https://hive.blog/steem-engine/@holger80/how-to-build-a-steem-engine-token-upvote-bot

https://hive.blog/steemengine/@steempeak/steempeak-now-displaying-steem-engine-tokens-in-wallet-page

https://hive.blog/steem-engine/@harpagon/how-about-a-dice-game-on-steem-engine

https://hive.blog/dev/@harpagon/a-new-history-tool-for-steem-smart-contracts-in-test

https://hive.blog/dev/@harpagon/market-history-tool-for-steem-smart-contracts-now-available-in-test

https://hive.blog/steemsmartcontracts/@harpagon/steem-smart-contracts-a-few-words-regarding-the-consensus-layer

https://hive.blog/smartcontracts/@harpagon/do-you-really-need-smart-contracts-on-hive

https://hive.blog/koinos/@harpagon/mine-wkoin-wrapped-koin-with-your-hive-power-hp-for-free

https://hive.blog/smart-contracts/@harpagon/how-do-you-fuel-properly-a-smart-contract-platform

[Tokenista]

Everyone check your PUTI balance on STEEM Engine if you use Token Hashtags, we are fully opening the PUTI Market over the next few weeks
https://steem-engine.net/?p=market&t=PUTI

[Tokenista]

PUTI is coming to life


In a few weeks it should be a stable price, once everyone starts to see it. PUTI was created in Nov/Dec, so it has been being distributed to Steemit users since then.

So until the past few days it was just a blank empty value in the wallet, and as of the moment of this being written, they are over a penny.

And we now have enough Soap making materials to fill up a pallet of finished Soap, stacked up high, so Soap for Crypto coming soon.

These Specs set PUTI up to be very valuable soon.

PUTI

PUTI Specs:

2,000,000,000 Total Supply

Distributed after 7 Days to accounts who use certains Tags on Steemit, when they are also then Voted on by Steemit Users who have PUTI in their Steem-Engine Wallet.

Tags
upvu, ulogs, dliker, projecthope, r2cornell, dtube, canna-curate, punicwax

65% of Rewarded PUTI goes to the receiver of the Vote, 35% goes to the Voter giving an incentive to Buy and Hold to earn more.

Every year reward goes down 5%.

1 Token is minted every minute from the 2,000,000,000 to make up the daily reward Pool: 60 × 24 = 1,440 PUTI per day, - 5% per year, so this Token will be distributed for at least 100 years.

I distributed 10,000 Tokens to each Upvu, Dlike, Canna-Curate, Project.Hope, R2Cornell and 15,000 to myself. I have Steem-Auto set not to fall below 92% following several Curation Trails.

Voting Power to distribute that Pool is based on your share of existing Tokens. Every time you Vote, your Voting Power goes down 2% and it takes 432000 seconds to regenerate from 0% to 100%.

Listings:
Coming Soon

Exchanges-

Steem-Engine
https://steem-engine.net/?p=market&t=PUTI

Because of where are a positioned in the market in terms of being on Steem-Engine and TRON, we will soon be able to say things like "Break into DeFi with Punic Currencies" and it will just be a fact, people will be able to earn with us, sell our Currencies to us for a profit, then if they so choose, they could put their funds into the TRON or Ethereum DeFi markets, and use the "loans" to come back and Buy from us, to later Sell back to us for a profit.

Just to show how we will do Buy Backs.

PUTI itself has a built in Buy Incentive because with 1,440 made per day, it might seem like those who come in first have the biggest advantage, but rewards are divided 65/35 between the reciever of the vote and the curator. So if there are 50,000,000 in Circulation and 5,000,000 of those are on the market for $500, someone could spend that from earnings on a STEEM post and buy in. You benefit if people opt out, because I will always be buying them up.

I will also use BLURT, STEEM and PUCO earnings to buy PUTI and I were will HODL PUTI and keep it staked, and will only occasionally sell any and won't kill the market, I intend to HODL for the entire 100+ years to increase rarity.

PUCO will be sold on exchanges for Liquidity, and the earnings from that will be used to buy PUTI, BLURT and STEEM. And we will buy PUCO back the other way when it is low and they are high on the markets.

We will then make more Tokens and Blockchains, and continue the holding and earning and buying back.

We will then bring that into Precious Metals, Gemstones, Seeds, Books, Land, etc. Which can then in turn be sold in exchange for our Coins and Tokens.

So you will be able to Buy things using your Punic Currencies. And we will Buy them from you, and we will HODL as much as we can.

[Tokenista]

Over the next few days I am going to get into DeFi conceptualization. I wrote the guide on Steemit that ended up defining Steemit Bots, so I promise that you are not wasting your time by reading concepts that come from my brain. This Steemit post has evidence.
https://steemit.com/steemit/@marsresident/i-am-back-but-created-a-new-account-punicwax

SMTs and Scot Bots when they first launched changed the way everyone used STEEM. When STEEM and Steemit started it was worthless, and was actually just Steemit with no currency and a promise of payouts when it launched. The SMTs came when there were so many users they could no longer get to everyone. At first a Whale user would manually curate Steemit, looking through the Trending, Hot and New pages until they found something they wanted to vote on. You could also write about them and slip in a tag and maybe they would see it. Steemit posts about Steemit were the most popular at first, mostly because people new to it, and didn't completely understand Cryptocurrency, it was the first place you could earn for free without without mining, where fresh Crypto people were being introduced to it. The numbers grew and the Whales made bots to Vote for them, either by username or a point based algorithm based on time posted, votes, and strength of other voters by certain times.

You may wonder, "So what happened?", the Anarchocapitalists took over, removed almost all of the Bridge Toll, which started with a 104 week withdraw period with 1 payment per week. After Steemit sold to Justin Sun and TRON, they got in a War with him and lowered it to 2 months or less. And they all went to Hive.io

Hive now claims to be built for dApps, so while Steemit has SMTs and Scot Bots, Hive is built for those not just hosting them coincidentally.

A Scot Bot is a bot which distributes tokens in the same model as Steemit, with Vote weights, Whales, Payout periods/Time to collect Votes, and then they are hosted on Steem-Engine.net and now Hive-Engine.com, and you can take a whole other step and create a DTube clone Scot Bot. The DTube clone means you create a Front End, so people type your website in the browser, you make business cards for your website if you want, it has your webpage name, your logo, and in the wallet are your Tokens in whatever amount they are holding. But they log in using their Steemit username and password, and when they post it goes into a group on Steemit with a hashtag attached to your Front End.

So with a Scot Bot DTube clone people can experience Steemit completely through your website. And earn your currency, thereby raising the traffic in your Steemit group and earning themselves both your Token and STEEM at the same time.

STO is kind of misleading but also not, because STO means "Securities Token Offering", and this is True somewhat as the person who designed Steem-Engine and Hive-Engine seemed to have cooperated with a Securities Attorney to create Packages that can be purchased that comply with various Securities Laws, so these platforms have Tokens that legally comply so that people can, for example create a Token that represents Stocks, or Metals, or anything, even a House.

This is similar, and can best be comprehended by comparing it to, IBM NFTs as Diamonds and Fish. IBM uses these types of Tokens, called "Non-Fungible Tokens" (NFTs) to represent objects, and as they move to different wallets, or checkpoints in the chain of custody, it is recorded on the Blockchain. While these Tokens do not go on a market for sale, which Securities would. There are also very detailed ETH NFT Protocols.

Venezuala's Petro Dollar is kind of anexample, where they were going to peg a Currency to Venezualan Oil (where people burn things down and kill Officials when gas is over $0.08 or something) and trade it, then OPEC told all Countries not to buy it and it collapsed with the Country. But Venezualans are not new to volatile markets, and have actually been using Bitcooin as a store of value, or in place of their currency, pretty much since like 2012 or sooner. They could always trust it to move up more steadily than the Venezualan Peso, which went the other way.

Pegging a Token to Silver or Gemstones can be an easy way to give it real value. Silver is $0.50 per gram and then can be used to represent a currency that can go higher than silver at which point it would be stupid for someone to withdraw the Silver, giving you more valuable coins. Or people load you up such coins that you can set for sale at more than the price of silver.

Local Currencies:
Ithica Bucks and similar, as well as Store Credit, Toys R Us Bucks, and State Fair Coupons or other access Credit systems.

The Access Credit model could best be visualized in someone earning a Concert Ticket with online interaction, or as State Fair Coupons where you buy them before you show up and spend them to do things, maybe at a Festival. I will get deeper into this soon.

[Tokenista]

I will start this next section with Sweatcoin as PoC, it is a great example for various reasons. 1, a simple Scot Bot would make it all real (if they never got on a blockchain, I am not sure), but Sweatcoin had a great launch and people earned it everywhere, but Sweatcoin was not a Cryptocurrency.

Sweatcoin was created as more like a Game Token, like Points in a video game. The best way to understand what a Cryptocurrency should not be is by understanding that Points are in concept Infinite, they, similarly to Cryptocurrency, could technically be limited, I could create a Points system with limited points. I could create a game map with 500 gemstones, but that game map has no regulatory body there is no Gravity to the Points system like Cryptocurrency.

Cryptocurrency, both Tokens and Coins, are Blockchain based, meaning there are nodes, and a Ledger, an Ledger that can not be gone back through and edited, and while a True Cryptocurrency (meaning the Prime native Currency earned in the Blocks of a Blockchain as you mine it, PoW, PoS, or DPoS) should not have a function where the creator can manifest new Coins, a True Cryptocurrency will come from a Blockchain. Any large mass of Coins owned by the creator should be on a ledger and not manifestible later, CryptoNotes have no ledger but still operate on this basic principle that the Nodes are a Ledger, and the Coin is not Owned by a Central body that Issues new ones, but a Blockchain.

Crypto Tokens, are usually Smart Contracts. First conceptualized as Bitshares Assets from what I know, and Mastercoin, CounterParty somewhere and then ERC20, then all the SMTs, etc came from ERC20 Smart Contracts. But the Contract may allow the Creator to issue new Tokens. A Token is on a Blockchain, moving Transactions on top of whatever Blockchain. Mastercoin and Counterparty are on Bitcoin, there were also Colored Coins. Then Steem-Engine is on STEEM, a Graphene chain. Hive-Engine is on HIVE. ERC20 is Ethereum, TRC20 is TRON, and on and on.


So now to Use cases

A Studio Booth Token as example of Access Credit, earned by listening and sharing Music from the Studio. If you have a Recording Booth, and you want to earn more. You can host a Blockchain from the Studio, that people can mine from anywhere, or a Token they can earn on a certain Blockchain. This Token could be earned on your Website as either a custom thing (GitHub has good resources, people have tons of good stuff to fork) or on Steemit or HIVE, so they then have a World Wide community earning by interacting with their music, recorded by them, and anyone who wants to can bring it in and get recording time, so it creates a larger community. People will buy things from each other outside of your knowledge, someone might trade a pair of shoes for 6 hours of recording time. It creates a whole new way to interact with your business outside of direct service or sales of any kind.

An Access Credit Currency should be named in a way that makes it clearly recognizable by a newcomer, there could be one Currency Brand from a Studio in NY or Miami called "Hours", maybe they are associated with a big label and they sell $5,000 each on the market, and people hold them like Bitcoin, maybe there is even a 2 year wait list when you redeem. They could be NY Hours, Miami Hours, Jay Z Hours, whatever brand they are associated with. And a smaller Studio, or any big Studio, could sell Minutes. A Cryptocurreny could be called MINUTES or NYMIN and MIAMIN, etc. Then there could be the LAMIN, or LAHR come out, and it could even be Studio to Studio Label names on the Minutes. Someone could come out with Seconds, and these would all range in value based on the Studio, the rate of Pay for those earning, etc, etc.

The benefits of getting deep into planning is DAOs as an example, a DAO is a Decentralized Autonomous Organization (DAO) which can best be compared to a massive board of Directors made up of each and every person holding a Currency. A DAO gives users the ability to Vote and shape the future of a Currency or Blickchain by weighting their input to the organization to their Cryptocurrency holdings. So if people are earning Studio Currencies like NYMIN, LAMIN, MIAMIN, etc, the people who don't spend them can help shape the future of the currency, because it will grow and people will use it outside of your Studio, outside of your DAO, they will create ways for people to spend it.

DeFi is an entire concept where coins other people invented or cloned, are pumped through Smart Contracts in a way that technically multiplies them as they are locked in Bank type investment Contracts, with Loans taken out on the Contract to pay for more Investment on Bank type contracts, to take out more and more loans. The creators of the Currencies never planned it.

There is an App for Temporary workers called JobStack that does with the company PeopleReady, and you go on and look for Jobs. Someone like Veryable or other companies could compete (or they could use it) to get more jobs and workers by having a Currency that pays workers, to be available or working and diminishes if you refuse specific jobs after claiming availability. Or if you are just doing it to earn. These could also then be used to pay for projects, turning workers into Employers, and helping existing Employers have a way to maybe buy Low and cash out High on Labor speculation. The Minutes could end up being used in many places.

Tokens for Museums, Zoos, Wildlife and Security Cameras could be used the same way. The Government and others could pay people to watch cameras and report things. It would be like a game to help with Security. People love watching certain Pandas, or Dolphins, and they could have earnings to show for it. Someone might say "Participation Trophies", and sure, but you can buy everyone's up and drive up the price if you want. It is a Currency, a Current. The Tax Law in the U.S. Amendments can best help you understand Currency, it says that The Governent may Tax "Income from any source derived",

US Constitution 16th Amendment:
"The Congress shall have power to lay and collect taxes on incomes, from  whatever source derived, without apportionment among the several States,  and without regard to any census or enumeration."

Eisner V Macomber:
https://supreme.justia.com/cases/federal/us/252/189/case.html

"The fundamental relation of "capital" to  "income" has been much discussed by economists, the former being likened  to the tree or the land, the latter to the fruit or the crop; the  former depicted as a reservoir supplied from springs, the latter as the  outlet stream, to be measured by its flow during a period of time.  For  the present purpose, we require only a clear definition of the term  "income,"   as used in common speech, in order to  determine its meaning in the amendment, and, having formed also a  correct judgment as to the nature of a stock dividend, we shall find it  easy to decide the matter at issue. After examining dictionaries in common use (Bouv. L.D.; Standard  Dict.; Webster's Internat. Dict.; Century Dict.), we find little to add  to the succinct definition adopted in two cases arising under the  Corporation Tax Act of 1909 (Stratton's Independence v. Howbert, 231 U. S. 399,  231 U. S. 415; Doyle v. Mitchell Bros. Co., 247 U. S. 179,  247 U. S. 185),  "Income may be defined as the gain derived from capital, from labor, or  from both combined," provided it be understood to include profit gained  through a sale or conversion of capital assets, to which it was applied  in the Doyle case, pp.  247 U. S. 183-185. Brief as it is, it indicates the characteristic and distinguishing  attribute of income essential for a correct solution of the present  controversy.  The government, although basing its argument upon the  definition as quoted, placed chief emphasis upon the word "gain," which  was extended to include a variety of meanings; while the significance of  the next three words was either overlooked or misconceived.  "Derived from capital;" "the gain derived from capital," etc.  Here, we have the essential matter:  not a gain accruing to capital; not a growth or increment of value in the investment; but a gain, a profit, something of exchangeable value, proceeding from the property, severed from the capital, however invested or employed, and coming in, being "derived" -- that is, received or drawn by the recipient (the taxpayer) for his separate use, benefit and disposal -- that is income derived from property.  Nothing else answers the description.  The same fundamental conception is clearly set forth in the Sixteenth Amendment -- "incomes, from whatever source derived"-- the essential thought being expressed with a conciseness and lucidity entirely in harmony with the form and style of the Constitution. "

 "It is manifest that the stock dividend in question cannot be reached by the Income Tax Act and could not, even  though Congress expressly declared it to be taxable as income, unless it  is in fact income."

 "Gibbons v. Mahon, 136 U. S. 549,  136 U. S. 559-560.  In short, the corporation is no poorer and the stockholder is no richer than they were before."

"And if, for the reasons thus expressed, such a  dividend is not to be regarded as "income" or "dividends" within the  meaning of the Act of 1913, we are unable to see how it can be brought  within the meaning of "incomes" in the Sixteenth Amendment, it being  very clear that Congress intended in that act to exert its power to the  extent permitted by the amendment."

"Just as we deem the legislative intent  manifest to tax the stockholder with respect to such accumulations only  if and when, and to the extent that, his interest in them comes to  fruition as income, that is, in dividends declared, so we can perceive  no constitutional obstacle that stands in the way of carrying out this  intent"

"[The 16th Amendment]  did not extend the taxing power to new  subjects, but merely removed the necessity which otherwise might exist  for an apportionment among the states of taxes laid on income.  Brushaber v. Union Pacific R. Co., 240 U. S. 1,  240 U. S. 17-19; Stanton v. Baltic Mining Co., 240 U. S. 103,  240 U. S. 112 et seq.; Peck & Co. v. Lowe, 247 U. S. 165,  247 U. S. 172-173. "

"In order, therefore, that the clauses cited  from Article I of the Constitution may have proper force and effect,  save only as modified by the amendment, and that the latter also may  have proper effect, it becomes essential to distinguish between what is  and what is not "income," as the term is there used, and to apply the  distinction, as cases arise, according to truth and substance, without  regard to form. Congress cannot by any definition it may adopt conclude  the matter, since it cannot by legislation alter the Constitution, from  which alone it derives its power to legislate, and within whose  limitations alone that power can be lawfully exercised."

 "We are clear that not only does a stock  dividend really take nothing from the property of the corporation and  add nothing to that of the shareholder, but that the antecedent  accumulation of profits evidenced thereby, while indicating that the  shareholder is the richer because of an increase of his capital, at the  same time shows he has not realized or received any income in the  transaction."

"It is equally true that, if he does sell, and  in doing so realizes a profit, such profit, like any other, is income,  and, so far as it may have arisen since the Sixteenth Amendment, is  taxable by Congress without apportionment."

 "Thus, the government contends that the tax "is  levied on income derived from corporate earnings," when in truth the  stockholder has "derived" nothing except paper certificates, which, so  far as they have any effect, deny him present participation in such  earnings.  It contends that the tax may be laid when earnings "are  received by the stockholder," whereas he has received none; that the  profits are "distributed by means of a stock dividend," although a stock  dividend distributes no profits; that, under the Act of 1916, "the tax  is on the stockholder's share in corporate earnings," when in truth a  stockholder has no such share, and receives none in a stock dividend;  that "the profits are segregated from his former capital, and he has a  separate certificate representing his invested profits or gains," "

"We cannot disregard the essential truth  disclosed, ignore the substantial difference between corporation and  stockholder, treat the entire organization as unreal, look upon  stockholders as partners when they are not such, treat them as having in  equity a right to a partition of the corporate assets when they have  none, and indulge the fiction that they have received and realized a  share of the profits of the company which in truth they have neither  received nor realized."

"Thus, from every point of view, we are brought  irresistibly to the conclusion that neither under the Sixteenth  Amendment nor otherwise has Congress power to tax without apportionment a  true stock dividend made lawfully and in good faith, or the accumulated  profits behind it, as income of the stockholder.  The Revenue Act of  1916, insofar as it imposes a tax upon the stockholder because of such  dividend, contravenes the provisions of Article I, § 2, cl. 3, and  Article I, § 9, cl. 4, of the Constitution, and to this extent is  invalid notwithstanding the Sixteenth Amendment."

Rewards Points, Game Tokens like in individual games or as in an arcade, as well as Augmented Reality Access Credits (Decentraland, ex), and Tokens that are a game like Gradients (CryptoKitties), or dynamic like a hot potato with PoS qualities. Tokens may also work as Keys in the Access Credits model, but could be used to Unlock things as in Kerberos. Decentraland is a Virtual Reality space that sold property and has a Currency, and from my understanding of the original concept they intend it to be freely selected by the people, but for each area to be different. Like where you can go to different styles of places, or like time period themes, or maybe games v. social, etc. So this same concept can be used at Festivals, or like someone could do it at a Theme Park in place of the E-Z pass, or on top of. The E-Z pass people could probably make a very very successful currency. The Bitshares Asset concept was originally meant to be like Concert tickets, Coupons, etc. But they are like Brownie Points now, but they are the same type of thing IBM uses for their NFTs.

Continued soon...

[Tokenista]

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[Tokenista]

This has been delayed because of Corona Virus Economy issues, and the State of Texas, but soon we will be:

Expanding on the Punic Tokens,
Punic Metals and Gemstones,

Some will then be Blockchains instead of Tokens.

Early on we will get the Mining Pools going to Mine other Coins, then we can add ours.

We will have Witnesses on the Steemit Clone Chains.

We will have an ETH Clone called Akasha, and then a Temple Coin. We will also Clone DeFi Projects, and make a DAO to issue Coins and Tokens for the DeFi Projects.

We will be focused on then getting other People making City and State or Religious Currencies, as well as Corporate Coins, etc.