I was just reading an article from @themarkymark that he wrote last year about the primary objective of hf20.
To sum up his comments, the focus of the hard fork is improving the process of account creation. Also to position steem so that it can support a larger user base similar to Reddit.
The proposed plan would be to offer all steem new user accounts a minimum bandwidth and this would allow new users to participate on the blockchain without steem power.
One of the key areas limiting steems growth is the cost in creating new accounts.
At the rate that steem is growing at the time it would take 12 years to reach half the size of Reddit 234 million users.
A post by @arcange show that in february 2018 the total number of registered users was 800,000. The total number of active users who used the site atleast 1 time was half of that 400,000.
This is pretty amazing to see that the registered steemit base of users has not hit 1 million people yet worldwide. Facebook has 2.23 billion active users who contribute to the platform for free with no incentive. What happens when people figure out they can make profit on steemit.
