Steem: Business As Usual On The Steem Blockchain
After the bomb @ned laid upon everyone, I am here to relay that it is encouraging to see what took place today.
In the end, this is much ado about nothing. Obviously, those people who lost their jobs are greatly affected and our thoughts need to be with those people. Even with unemployment so low, it is never easy to suddenly find yourself without an income. Also, being in the holiday season, that only adds to the uncertainty.
There were layoffs at Steemit but, from what I heard, blockchain developers were retained. Management staff and the like were let go. Now, that does not mean there is not a shift in focus. The main key right now is the blockchain servers and doing what they can to get that cost down. This, if I had to guess. means optimizing things differently and seeing what can be switched around.
In short, I would say the timeline on the introduction of SMTs is delayed a bit. The Spring release is probably now Summer at best. That is something we will find out as more is revealed in the next few weeks/months.
One thing I can say is that the reception by the community is uplifting. A number of people posted how they are in this for the long haul and are going to do all they can to ensure the success of this blockchain. Keep in mind, many of these people have development backgrounds meaning they have knowledge about what it takes.
In short, the community is standing up.
Take a look at this amazing article by Steem Witness, @therealwolf. It really sums up the sentiment of many of the developers I either chatted with or read posts by.
https://steemit.com/steem/@therealwolf/we-are-steem
Today was a day of people posting, commenting, and upvoting. This did not change. The news from Steemit does not mean the blockchain is dead. In fact, there is little chance of that. I was chatting with @mcfarhat and mentioned that there are simply too many smart people around here to let that happen (he happens to be one of them by the way).
Besides, this is not even the death of Steemit. Companies often had to restructure and reorganize. Wake up calls in business are good. Tough times often require some belt-tightening. That is what Steemit is doing. There is a good chance that this move will make Steemit stronger as an organization in the future.
Times like these should make us appreciate that Steem is flying under the radar. As much as we all want front page news and Top 5 ranking, news like this could be devastating. Yet, the price of STEEM did not veer from it's usual course. The price followed the market up as shown on coinmarketcap.com.
So relax hombres. All is well.
There will be some challenges ahead yet there are enough intelligent people with a vested interest who will help us overcome them. The Steem blockchain is here to stay and the applications are progressing as they always have.
By the way, I meant to ask this for a while but it kept slipping my mind. What happened to Zappl? They seemed to have vanished. It just shows, not all will make it.
Speaking of applications, @TOKENBB is starting to make some progress. I asked to take part in their alpha testing and received approval to invite others by posting this link. What I need to stress is this is truly alpha testing as they are working out bugs. Some of what is put up might be deleted. This is a staging environment, not the official launch.
I will put up a post later this evening as a test. Anyone who wants to help out can.
Here is the link.
https://monsters.tokenbb.bt-stage.com/create-forum
In closing, I posted a comment the other day that I was going to buy more STEEM either at 30 cents or 50 cents, whichever came first. I got a batch the other day at $.30ish. My plan still holds. I will be buying more if we drop another leg down or hit and cross the 50 cent mark.
I bring this up to share that my resolve with Steem still holds true. While delays and set backs are a pain in the behind, they are not the end of the world. The fact that few were panicking shows how together the movers and shakers on here really are. They know what is taking place and are going about their business.
Times like these will only make us stronger.
If you found this article informative, please give an upvote and resteem.
None of this is financial advice.
Steem is the best. I'm not worried at all.
It's easy for people to panic with SBD sub 85 cents. More and more SBD is going to be liquidated for Steem and further devalue the currency if the generic market doesn't swing back up.
Time and time again we see that Steem has some of the same volatility problems as Ethereum and the ICO scare. Too many dev teams were relying that their respective coins would maintain a certain value. Now these people know better and will play it safer in the future.
We don't even have our version of ERC-20 yet. This won't be the last time panic sets in. SMTs will usher in a new set of problems and solutions to the blockchain.
I never expected SMTs to come out on time. That's just not how the real world works. You can only trust an announcement like that if it's a couple months out, tops.
I carried on as if no news had been released.
Whatever happens, I am enjoying a lot more blogging here than in any other network I used before. Mostly because of the focus on original content.
i was trying to remember what the twitter like one was called the otehr day.. it's zappl right?, well probably too early for that idea
Tough blow is right, but the future for steemit remains bright. A lot of good has been happening as of late, and I only see this as an opportunity rather than an obstacle for the future of steemit
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Perhaps Zappl team have started another project?
I may be wrong, but I’m fairly sure some of the key players are now involved with the Steem linked game Chibera. As I did with Zappl, I’m keeping an interested eye on it, but don’t have high hopes due to the ambitious nature of the project and unsuccessful Zappl history.
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I saw his post. (#ned)
Not sure if he posted a video too.
Hiccups are part of life.
#steem at 30+ cents made a slow in the posting phase.
We are in this together.
More of us hold SP will strengthen the ideology of #steem itself.
Great post
Keep on postin
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I know they are just trying to steam line which is fine in a year long bear market but it will mean shutting down certain projects. The question is where they direct the remaining resources with 30% of the staff.
After SMT's they can sit back a bit more but until then I hope that is where they throw the focus to allow others to then build on what they have put together.
Not worried at all.
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I think that the bright side is that it shifts more power to the community and its members which will make it more efficient given the resourcefulness that takes place in collective projects. At the end, the value here is the people that engage as the protocol already exists. While it can and will be improved, the true foundation is how we govern it for the best of the community and not an individual or small group of people.
Posted using Partiko iOS