I spent a little time poking around on the Steem-Engine site this morning, just out of plain curiosity.
If you read these pages on a regular basis, you probably haven't missed my general skepticism/criticism when it comes to SMTs and various "private" tokens. Now that more and more of these are showing up in the Steem ecosystem, maybe I should try to clarify where my skepticism comes from.
Honeysuckle about to bloom....
The Original Sour Notes
I think the reason I originally soured on the whole idea and didn't share many people's enthusiasm was twofold:
The entire presentation of SMTs/Tokens as "The Great Savior of Steem" came across (at least to me) as a bunch of overinflated hype and bullshit, partly designed as a "buckpassing exercise" to somehow help Steemit, Inc. exonerate themselves from having dropped the ball on a whole lot of other initiatives, and most specifically a chronic failure in the area of community development.
Having worked in the field of Industrial Psychology more than most people, it all looked very much like "Cash Grab 2.0," a new way for people with influence to basically "mint their own 'money' out of thin air," without it actually doing anyone else — and especially the broader community — any good.
California poppy
Yes, I'm in idealist. And yet I am also a cynic who spent too many years in sales and marketing... where the rubber meets the road.
You may have the greatest concept on the planet, but unless you are nurturing and gathering an actual customer base for it, it's about as meaningless as offering the world's best Ferrari engine tune-ups... in a tiny Alaskan village with no paved roads. Basically, nobody gives a shit in the real world that exists outside your carefully fabricated fantasy.
Hey, I'm Allowed to Change my Mind, Right?
In retrospect, maybe my criticisms were a bit harsh, and not fully thought through.
In many ways, SMTs/Private tokens can be a lot of fun and definitely an interesting and entertaining way to engage with an audience.
Close-up of Red Hot Poker
For example, I love @whatsup's "DRAMA" token! Just the other week, I wish I had had some as actual coins to give to our "adolescent" 27-year old daughter, when she was having an utterly ridiculous meltdown over something of no particular consequence...
Of course, that would have required actual coins, to hand out... but hey, maybe that's could be a future development! Some of us still have lives outside the virtual world...
Similarly, @abh12345 — founder of the weekly "Curation and Engagement Leagues" — created the "Engage" token, which also has a relevant meaning within a specific context of the community.
Using these two tokens as examples, what sets them apart is that they seem to have utility, yet stand apart from being attached to a financial value.
And they are issued along very different paradigms than someone simply going "Woo-hoo! Let's issue 21,000,000 'Random' tokens and hope they go to the Moon!"
Heart of a pink wild rose...
The Need for Some BULLSHIT!
But getting around to my wee visit to Steem-Engine, I was actually surprised that nobody has taken it upon themselves to issue a BULLSHIT token, as of yet.
Because we all know there's plenty of that in the world, and people sometimes smear it on quite thickly.
No, I have neither the time nor the inclination to take that one on... but it seems like one "ripe for the picking," for someone with a good sense of humor who's also ready to call people on their shit.
I hasten to add that — much like the @dramatoken — this would be a purely humorous token, not a malicious one.
There might even be different levels... from a single BULLSHIT token for those simply "blowing hot air," to maybe 3 for "blatant displays of ignorance," to 5 for "posting something "serious" without fact checking" up to maybe 25 for "blatantly spreading fake news." I dunno, just rambling on...
Of course, I could also see this becoming the primary currency of exchange between opposing sides in Flat Earth, Conspiracy, Vaccination, Climate Change, Politicos and similar debates...
Scotch Broom
If You Can't Play With Yourself...
...who CAN you play with?
Because that's really all I'm doing here... taking my brain out and playing with it, and perhaps recognizing that I need to give the whole "SMT/Token Issue" a broader opportunity to find its natural place within the community.
Meanwhile, if anyone wants to take the BULLSHIT and run with it, please be my guest!
Thanks for reading, and have a great day!
How about YOU? What's your thought on SMTs and Tokens... and what "purpose" they serve in the Steem Ecosystem? Are they just "fun things" (my inclination) or can they have "serious financial applications?" Do SMTs/Tokens merely put one more layer between the token and fiat currency? Do you think a "BULLSHIT" token would be a fun thing to have? Leave a comment-- share your experiences-- be part of the conversation!
(As always, all text and images by the author, unless otherwise credited. This is original content, created expressly for Steemit)
Created at 190419 14:02 PST
0985
We also have RedfishSMT token, not so active yet it exist. We work more on Redfishcoin on Waves based token but then it is growing slowly, a lot of DRAMA happen on stEEmit and Yes ENGAGE is needed to connect with others, Who would creat that BULLSHIT if it has, still it cost you steem to created a SMT token
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I think the entertainment factor is huge! Here we sit in a bear market. A bunch of people who have stuck it out through thick and thin.
We are waiting, waiting for the Bulls, waiting for SMTs, Waiting to figure out what our secret sause is. (I already know)
The knowledge of the community and the fact we know each other is what makes a culture.
We know who is DRAMATIC
We know who is full of BULLSHIT
We know who ENGAGES.
What we have found is a way to make it fun and name those traits.
Also, though DRAMA does provide a nice upvote for those who issue it, because one has to have eyes on the site. You can't just pick someone.
I've always thought eyes on the site and manual curation are key!
:)
!dramatoken
Thanks for the PR.
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okay just for that @whatsup and @denmarkguy I'm tossing you two some
You should find it in your steem-engine wallets
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Thank you @shadowspub, I'll have to go check it out!
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Yes, the entertainment factor IS huge. Entertainment value is a major part of what makes people return to a venue over and over... entertainment — when given appropriately — offers that little shot of dopamine that make people somewhat addicted to stuff.
I guess one of the things I like about the current tokenization trend is that it bypasses the whole regulatory-create a white paper formality that goes with creating an actual currency.
You're welcome for the PR, and thanks for the DRAMA.
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What a load of SHIT.
There is the "Official NGC Shittoken".
It's pretty shit.
Check out @poopfinity
:D
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Yes, I did notice the SHIT token on Steem-Engine! But connoisseurs of shit might want to have access to different degrees of shit...
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I would keep it simple and stick to pure shit ;)
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Sent you some TROLL. It's not shit but it is something
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Thanks. Trolls create shit, so it's all good! :D
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There is a SHIT token - https://steem-engine.com/?p=market&t=SHIT
I created a token for my new app - Steemtaskr, not really out of necessity, but out of curiosity to see what could be done with tokens/SMT's. And to prove some of your musings right, someone bought a heap of them last week or so, despite the fact that they have little value at present. I'm not complaining, as I welcome the extra steem power I converted it into. :)
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I am hoping for success and stability for the entire Steem ecosystem, so I am very much hoping that I'll be proven wrong, and that these will be the saving grace and the impetus for putting Steem on the map, in a broader sense.
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You've got DRAMA. You are going to be a Whale!
To view or trade
DRAMA
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Why has it always be about you?
You crazy lunatic?!?!
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Now, now ... Don't hate me because I am beautiful.
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Thank you!
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maybe having a bull shit token isba good idea but not all people will consider as an entertainment or just to have fun. Some of them might be offended, but why? Because they're just dramatic or we called it here plastic people or fake people. This should be fun staying here but others are close minded. They wanted that their thoughts are fun but we knew that not all people will like you. That's why everyone must wake up and enjoy here. There's no harm in having criticism.
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That's part of the "joy" of the online environment... some people take jokes seriously; others think serious stuff is a joke. And most people are quick to criticize, but can't handle ANY form of criticism in return... just look at some of the "flag wars" we have had/have here in the community.
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