I was wondering if anyone could possibly explain some of the key differences between Steemit's SMTs and tokens created via the Waves platform. Currently, as some of you probably know, you can open a Waves account, create your own custom token (for 1 Waves), determine the supply, decide if you want a re-issuable token, etc. The process is extremely simple, requires no coding, and can be completed in under a minute. While I'm still in the process of making my way through the SMT whitepaper, it seems like SMTs are a more powerful version of what Waves is currently offering, though maybe it's too early for me to make that kind of characterization. For instance, the Comments Widget for online publishers (see page 9) seems like a useful tool to quickly integrate the SMT into the potential community. On the other hand, integrating a Waves token into a community seems like a much more manual process. Moreover, the Proof-of-Brain approach for SMTs appears to set it apart from the Waves token. Any thoughts? Has anyone created a Waves token and actually used it for a project? Thoughts? Frustrations? Thanks for reading!