RE: The 2nd Layer and losing rewards
You are viewing a single comment's thread:
I've been following therealwolf's posts and now read yours. I don't think I get the whole picture, not nearly au fait with blockchain tech and I'm sure there are a lot of us on the same boat on hive.
Can you please explain some of the stuff in layman's terms?
Especially, do you mean, the current system on hive (which is author-curator reward distribution system) will move to second layer? or will it simply cease to exist and hive as the first layer will be a place to invest in hive tokens?
I understand hive's function as invest only platform. But what will be the function of the supposed second layer? What will it mean for the current users?
Will users be able to write still? And is that on the hive or the second layer? Will that layer be immutable as hive is? Because this might be one of the driving reasons that attract mainstream social-media users.
Will it be like reddit as it is an alternative for facebook and twitter?
This was layman's terms :D
Technically, it is far more complex as it has to look into the full structure of consesus and economics - as well as the game theory behind all interactions.
That the first layer will be investment/witness only. The second layer would be for earning tokens.
For earning, posting, distributing the many inflation pools of SMTs. Gaming, services, business.
Of course tauthors can write, but it would be financially powered in the second layer - with the earnings not coming from the Hive pool.
Ah! In that case, the second layer tokens will be like Ngage, Leo—right?
Big thanks for explaining, the topic seem quite confusing to me. But some of the ideas started to make sense after reading Blocktrades' post.
yeah, the second layer tokens are like HE tokens now -