First I must say this really widen my knowledge on decentralization, the whole back story of hive and steem. From reading your article, I guess I can say DHF is the same as HDF probably means Hive Development Fund.
and SMT's, you said it is Smart Media Tokens. What was its purpose during the time of steem? and is it also in Hive at the moment?
I really do hope sooner in time, Hive would increase in market cap, which wuuld help in the price of Hive and making Hive more decentralized.
Before reading this post, I have always been passionate to growing my stake and building but after reading this article, I can see more reasons why I need to build and grow my stake. In General, one way to have voice in this place is having a good amount of stake. I now see so many goals I have in place to achieve.
Thank you very much for this article! You have placed in so much time and efforts towards writing this. I can only imagine how many hours you used to write this down and the breaks taken in between. God Bless!
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Smteees!™ were going to be run on the base layer.
Each coin would have had to had the base layer do calculations for every transaction.
This would have bloated the layer.
It was decided to push them to layer two keeping the base layer faster.
So far only hive-engine and dlux.io have second layer tokens running, afaik.
I thought tribe tokens are second layer tokens as well.
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Yes, tribe tokens are h-e tokens.
All hail, aggroed.
SMTs seem so long ago now. I believe the intention was to allow anyone to create their tokens and be able to state whatever properties they liked for the token. They could then distribute these tokens through voting in communities.
Instead, we have Hive Engine tokens. I think they are less ambitious than SMTs but they allow people flexibility to create tokens and use them for tribes. These tokens don't operate directly off Hive, which SMTS would have. Instead, they are found on Hive Engine sidechain.
The post took awhile to get started but once I got going it wasn't too hard to pull everything together.
Hmm.. I get the idea of SMTs already. Thank you very much.
Hmm... True. But for me, it would take me at least 2 days to write due to other activities I engage in.
Thanks again for your time.