Can we get Facebook to use SMTs?

15 comments

stealthtrader8 years agoSteemit3 min read

In a post today Mark Zuckerberg stated:

A lot of us got into technology because we believe it can be a decentralizing force that puts more power in people's hands. (The first four words of Facebook's mission have always been "give people the power".) Back in the 1990s and 2000s, most people believed technology would be a decentralizing force.

But today, many people have lost faith in that promise. With the rise of a small number of big tech companies — and governments using technology to watch their citizens — many people now believe technology only centralizes power rather than decentralizes it.

There are important counter-trends to this --like encryption and cryptocurrency -- that take power from centralized systems and put it back into people's hands. But they come with the risk of being harder to control. I'm interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services.

This will be a serious year of self-improvement and I'm looking forward to learning from working to fix our issues together.

Source

Now the important part that we should focus on is when he says "I'm interested to go deeper and study the positive and negative aspects of these technologies [cryptocurrencies], and how best to use them in our services."

So this means that not only is he considering cryptocurrency to help his 2+ Billion users, but also does not seem to have a solution yet!

Here is where SMTs come in..

As the

states:

A Smart Media Token (SMT) is a native digital asset on the Steem blockchain that can be quickly launched by anyone to help monetize online content and create incentives to encourage desired user behavior."

Smart tokens with near instant settlement and zero transaction fees opens up new non-advertising business models."

"It enables tokens to be distributed by "upvote" and "like"-based algorithms and can be integrated with websites to align incentives between application owners and community members to spur growth."