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RE: Another day another drama

in #steem5 years ago (edited)

Honestly, I'm not sure that transparency from Ned would make any difference at all, and could possibly be harmful. We know that when Steemit announced the layoffs, Steem was suddenly in the media again.

I've worked for companies that straight out told their employees that they weren't being sold, only for the next day official announcements of a sale coming out. CEOs and companies can rarely be fully transparent, the legalities and effects on investors prohibit a large degree of truthfulness.

While I'm super sad to see SndBox and Musing lose their delegations, this is just another example of why the dApps need to run themselves as independent businesses and not rely on any one stakeholder for their profitability. A tough lesson, for sure.

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Honestly, I'm not sure that transparency from Ned would make any difference at all, and could possibly be harmful.

Anything he will ever say from this point on will be twisted by some people.

CEOs and companies can rarely be fully transparent, the legalities and effects on investors prohibit a large degree of truthfulness.

In my experience this is the case.

While I'm super sad to see SndBox and Musing lose their delegations, this is just another example of why the dApps need to run themselves as independent businesses and not rely on any one stakeholder for their profitability. A tough lesson, for sure.

I was going to get into this in another post but it is something that has been warned about for a long time. I suspect that they might not lose their delegations for long though, maybe a reshuffle.

SMTs and an exchange for SMT tokens would have solvd dApp's reliant on delegation problem but alas.

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