As noted on many occasions, the value of Hive will ultimately come down to what is built on the second layer. This is the focus of the core team. They want to streamline the code to reduce the need for hard forks. From what was stated, this will eventually deal with mostly governance issues. That means creating a platform of developers tools and infrastructure for the second layer. The advantage to this is that we are going to see updates in a more rapid fashion. Hard forks need to be spaced out since they are a challenge plus exchanges have to adhere to them. This means the shutting down of wallets which impedes user experience.

This info is gold and was one of the most important if not the best from yesterdays event. I think this is the right way to go, if SMT (Smart Media Tokens) or HMT as people call them now, can't be inserted on the 1st layer.

Let's not forget that 3-4 years ago this blockchain was on top 5 under the market cap. I personally think that it can get back there with community work from everyone.

Thanks for the summary and the personal comments.

Posted Using LeoFinance ^Beta