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RE: @ned With The Ultimate FUD And Why We Need To Change!!!
If money is an issue, the option of crowdfunding what needs to be done to finish what is in the roadmap to HF21 is always there. Rather than see the blockchain development grind to a halt because of this, I wouldn't personally mind taking part in such an initiative either by upvotes or even direct payments.
Did you check Steemit's wallet lately, or Ned's?
@steemit seems to be worth $18 million right now.
@ned is worth $760,000 right now.
Steemit Inc also controls many other accounts such as @steemit2, worth $400,000 at the moment.
I don't know how many employees Steemit Inc has but if we assume 20 and each costing a total of $100,000 per year to keep on its payroll, then employing the costs $2 million per year. With its current stake, Steemit Inc would be able to keep going for another 10 years. Steemit is in no acute danger of running out of money whatsoever.
Now, there is nothing wrong with restructuring for greater efficiency. But I'm certainly hoping that HF21 won't be delayed too much because of its. Is Steemit Inc doing this because its banking on the general crypto market picking up next year or the year after that? And the price of STEEM being much less dependent on the development of Steem than the overall crypto market? If that is the case, I think it is economically rational of them to conserve their STEEM right now.
But I wonder what the right balance might be because the first mover advantage Steem still has as decentralized social media platform is considerable.