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Well from what i’ve discerned its going to help steemit evolve from simply its main page it will allow for icos to be hedged with tokens and open up a fiat gateway to steemit so that global adoption is possible. No more waiting 2 weeks for an account. Algorithms will be in play so that kyc can happen to fast track account creation and incentivize real bloggers to actually participate here. It will take away the benefit of being a lazy money grabber. Leadig to a flourishing community of intelligence and learning. Community. Here is an excellent breakdown i read from a couple months ago! Super well put together. Explains the benefits. https://steemit.com/smt/@slavix/hidden-gems-of-the-smart-media-tokens-white-paper

Hey, I'm just the new guy, but unless there is something to level the playing field (and I'm no socialist just so you understand although that statement sounds like it) it seems to be that SMT will just create fiefdoms... where people will "work" for the whales. I've got some thoughts on fixing some of the abuse (as I understand them) issues... and focusing votes on the quality of content . But I'm the newbie, so take it for what it is...

Im also just a newby too. Trust me. I believe in democracy and the power of people it just needs to stop being so centralized and we need to stop playing the telephone game with our governers. Have you watched the movie the circle ⭕️ thats how i see steemit.

I've seen the movie and then read the book. I wasn't satisfied with the ending of either one so maybe I'm just a malcontent. BTW, the book is a LOT racier than the movie. Yikes. LOL.

For me blockchain essentially our chance at making the people above us transparent and accountable. So the flow of resources can no longer be damned up and there are no more hungry children. Instead of funding wars based on broken promises, and the fear of the unknown.

Systems, programs and accountability won't fix those problems. Those are human heart issues. For me it's about making the voice of the "other" (little people, unpopular opinions, outlawed speech) more difficult to shut down. That's a double edged sword (but only on the surface and only to those who have limited capacity to reason) because that means I support even the nutters rights to spew their hate and not have it shut down. I believe the price of freedom is that we have a marketplace for ideas, ideologies and beliefs and that there are good and bad of all of those and they should be debated vigorously.

I plan on writing about that idea in the future (it's on writing ideas google.doc... LOL) but ultimately, my faith is not in man and his systems. SOMEONE has write access to the code, and I don't know any perfect people. Systems will fail us. It doesn't mean we don't try to make them better, but (for me) the circle was a HORRIBLE life experience and the only person that really resonated with me was the forlorn guy who had been banished to the friend zone... and even he they toned down in the movie to weaken the character.

I don't have a belief that the collective is right and moral. I believe that an individual is a WONDERFUL, THOUGHT-FILLED, THINKING, SENTIENT being... but the collective, the crowd is dangerous. Group thought isn't moral. The rights of the individual need to be protected. I see Steemit as making it more difficult to shut down those rights... and THAT'S one of the reasons I'm here.

Thank you. Im really glad to finally have a real conversation on here. Trust me, the individual is more important to me than the crowd. Its the fact the with a decent crowd system, a pool of intellect so to speak then the collective can make the individuals words and ideas more powerful. I think smt fiefdom is actually alot different then the old fiefdoms. Reputations will be at stake. On steemit rep is everything. Or atleast thats my take. So i want to work hard to be thoughtful and promote the little guy who has astounding visoins and ideas. Of course i feel the need to spread the ideas i carry of decentralization so i can tweak them and build a mental foundation so that my wisdom can become admirable. Im 25 i have babies. I plan on becoming a professor for my childrens minds and the only way to do that fast enough to give them everything is to dedicate myself to the search for answers. Does that make sense. Im like gon from hunterxhunter i see the world for the good and bad and enjoy the chaos of the universe and the comfort of morality equally

One other thing... I can guarantee you that the people above you right now (the whales) aren't transparent just because you can see blockchain transactions. Crypto is only good for anything if it's good for something... something tangible. The tangible is that stuff you can buy. You can be a crypto billionaire and the first time the lights go out, you'd trade it all for a jar of peanut butter and bread... :)

The most important thing we possess is our eternal soul... and if we value other people in THAT economy, the economy of the soul, it's amazing what will do out of LOVE and not fear of transparency.

:) Sorry, I'm starting to preach! :)

The people above me arent te whales of steemit their the rockefellers and buildeburgs. The jp morgans and the mark zuckerburgs of the world hat need the transparency. The whales of steemit are like minnows to te people i refer to.