Great points @stackin...with one exception.
They are not using SMTs...their ICO is being released on ETH using the ERC20 and then they are moving over to the STEEM blockchain.
The reason for this was the delay in the SMT protocol forced them into making another move. We are already starting to see the time of the ICO yet no SMT. Plus buying in the ICO is in ETH....
I am not an instagram person but it is huge. If this could become a serious competitor to that, another winning app on the steem blockchain.
And thanks for the 411 on the bounty... I would link off yours except I already signed up (maybe off an earlier post by you). I am up to 460 something bounty....
It will be exciting to see what that turns into.
Dang it, news changes fast... thanks for the update, but the website says that lol
Cryptocurrency: where it takes 30 days to become an expert and the rest of your life to figure out what the hell is going on.
Exactly this, I learnt about cryptocurrencies when I joined steemit last year December but while my friends see me as a crypto guru already I feel like I don't know shit about the crypto world...