RE: Why the proposal of leveraging the Steem Blockchain with Social Media Tokens is MASSIVE news..!! Effectively becoming a "Gold Backed Standard for Social Media"...!!"
Think as #Steem as the "parent" currency and all the new Social Media Tokens as a "child" currency. Each "child" currency will have to backed by the physical "parent" currency which just happens to be #Steem. Hope this helps. Stephen