I expect the launch of SMTs to be similar to the ICO boom that we've seen on Ethereum but possibly even bigger for 2 main reasons:
- SMTs are supposed to be much easier to deploy (just a few clicks and no coding)
- Cryptos reach has expanded to a broader market
I really think SMTs are going to see a huge implementation boom out of the sheer fact that anyone who wanted to make and ERC20, but who didn't have any coding knowledge, will be able to make an SMT. I think there's going to be a few large use cases for SMTs that take off in the beginning and then end up attracting attention through media and social media which will bring even more people to the conclusion that they too should start an SMT. Great post @lukebrn, I really enjoyed your overview of SMTs and I would love to hear you dive into the whitepaper, if you consider doing it!
Thanks for the great comment! I agree in some sense, but I think one barrier is that SMTs are much more limited. The thing with programming is that you can add a lot of functionality, whereas with "click and go" ICOs, they only really have one functionality.
Now, I'm not saying that I don't think SMTs will be huge, as they offer a very unique value proposition, I just think the ICOs based on them won't be doing anything revolutionary, so it probably won't lead to an ICO boom like Ethereum.
That being said, it could. I guess it depends on who wants to launch and SMT really. It will be interesting to say the least!
I agree with your idea of a snowball effect happening, and I really hope they do what we all think they can!
Yes I'd love to dive in to the maths behind it, see how many transactions they could handle and how scalable SMTs are. I'd also really appreciate your support on this post - thanks again for the comment!