Steem has been very slow in releasing development updates. In a highly competitive market, you need to be on your toes all the time and plan atleast 2 years ahead which includes financial planning as well. Clearly, Steem Inc failed in those regards and I believe they are still not understanding the whole point. They can reduce the costs and everything but that is not a long term solution. What if we have another year of Bear market and Steem prices reaches below 10 cents. Will they still be able to sustain themselves? I am seeing many businesses shutting down their shops and can't even handle a year long bear market. Financial planning is so critical and now when they should really be focusing on creating revenue streams for the platform, they are busy cutting cost, completely wrong approach in my opinion.

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