hi @eccles
Thank you for sending me link to your post.
HF20 is the strong backbone that STEEM needs to survive in this environment.
To tell you the truth I don't really know what do you mean. Main purpose of HF20 seem to be to reduce amount of spam. Is this really that important and shall we consider it a backbone? Could you please let me know what do you mean?
enjoy your weekend buddy
Yours, Piotr
Hello again @crypto.piotr
From what I've gathered here an there:
HF20's purpose more than the reduction of spam, that's just a by-product of the new system -- the system designed to ensure STEEM's sustainability by formalizing the price of every interaction with the blockchain (with the exception of viewing the chain itself, that would be weaving into quantum physics and an interesting idea but currently irrelevant, I'm getting distracted sorry). Without this change a future flood of SMT's could clog up the blockchain worse than the spammers.
We've essentially moved to a sort-of-"Gas" system, like the one Etherium has, with different balancing mechanics in the form of lending (free RC from witnesses and SP delegation).
Thank you for being so responsive @eccles
Appreciate, Piotr