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.
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?
That the first layer will be investment/witness only. The second layer would be for earning tokens.
But what will be the function of the supposed second layer? What will it mean for the current users?
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 -