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RE: Steemit: Where Was The CFO?
Yes, but it seems that the Blockchain wouldn't survive without SteemIt.com. That is not good enough. We need to find a way to survive if they walk away from this.
Yes, but it seems that the Blockchain wouldn't survive without SteemIt.com. That is not good enough. We need to find a way to survive if they walk away from this.
The Steem blockchain lives on the computers of the hundreds of witnesses out there. We should be fine, someone else will take on the mantel to keep this blockchain worth hundreds of millions of dollars up.
only sorta kinda true. For pretty much every app and front end built on top of the steem blockchain to run, they depend on the api nodes that Steemit, Inc. runs at the cost of several million $ a year. If Steemit, Inc. stopped subsidizing the rest of the players on the blockchain by paying the costs of running the servers for the api nodes, nothing would work. It is possible that things would eventually start back up if someone else decided to foot that cost, but currently it doesn't look like any of the apps or front ends could bear that cost. So pretty much, if Stinc goes under, the blockchain for all intents and purposes stops even if witnesses are still running.
If they walk away from the blockchain we still have plenty of time to figure out how to continue development. How many people do you know that want to revert back to a previous hard fork? We could probably halt development for an entire year and be fine.