I'm super duper excited about SMTs.
I actually have been dreaming up something like this for awhile now, before I found steem. The idea of having a decentralized network based on a cryptocurrency, and then being able to create your own "skins" for said currency, and all these sub-currencies are easy to exchange between eachother.
SMTs takes that idea to a whole new level - and it solves the issue that Ethereum based tokens have - that of having no actual real world utility or value beyond hype and spectulation.
Steem based SMTs are backed by valuable content/projects/people.
I see this is a dawning of kickstarter 2.0, where instead of just donating to projects, you're actually able to be vested in a project and share in its potential success.
Pretty soon, everyone will be launching their own tokens for their persons and projects. If you have something valuable to offer the world/collective, then having your own token is a brilliant way to be funded/powered.
Granted, there will be a lot of BS tokens launched like we see with ICO's - but we can leverage the steem voting system to create ways of allowing the cream to rise to the top.
I've been reading the whitepaper, and while I understand the basic premise and big picture, theres still A LOT to learn regarding how the tokens actually function. And I think its important to truly understand how a token functions if you are going to be issuing one.
Besides that, we'll start seeing established brands start issuing their own tokens and integrating the steem blockchain into their websites via widgets (like disqus comments).
I believe we're standing at the threshold of mass adoption.
Exciting stuff.
RE: What's Your Opinion On Smart Media Tokens?