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RE: Simply Explained: HardFork 20
HF20 is actually a necessary stepping stone for SMTs to launch.
Hmm, can you explain why? Realy, i want to know it.
Why can't they start this now? Why is the HF20 needed?
Most of all, I thought the tokens were coming with the HF20. That the HF20 "contains" the tokens.
HF20 brought fundamental changes, which are needed for a robust Steem Ecosystem.
For example the new Resource Credit system, instead of bandwidth, is important for Steem and SMTs.
Additionally, quite a few changes in HF20 were bug-fixes and removals of outdated rules.
@therealwolf, you may remember me. I'm stupid when it comes to all this crypto talk.
What is this "SMT" that is starting and a foundation being laid down for?
Please help me understand more. Thanks
Maybe THIS will help you.
Thanks for trying @b-s. I got SOME information I could understand but,
It is still as clear as mud.
How does this benefit ME, the USER, how do I get more
$ out of it, me, who hasn't made a single dime of USD in the
13 months I've been in Steemit, me who last Autumn saw
my account value at almost $5,000 USD, but which is now
below $1,200, despite the fact that I've been continually
adding pennies per day, but withdrawing NOTHING?
How can I understand this?
How can I benefit?
What do I do to utilize this?
These are the things I need to understand.
Would someone Please write a short, concise
white paper explaining things in layman user terms?
From what I've been gathering. The HF is the leading steps towards laying down the foundation that will support SMT's. And probably more to come as well.