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Seems a little knee-jerky right?

Very! You were at steemfest? Was there any talk/rumours that this was unfolding?

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None really? Can you reflect on any encounter, meeting or conversation in a new light that might have sounded different had you known this at the time?

Also, just curious, how do you feel about the timing of this vis a vie Steemfest?

Well, not really. I talked to a couple people there who would have been somewhat in the know and the conversation did cover much of this but, in a much more natural way in my opinion. What I mean is that I was often talking about the need for Stinc to step away and have mentioned it on chain for quite a while now also.

I saw that the push to RCs and application onboarding was the first real large move to do this and the destiny announcement was the first real public show of direction.

At SF I spoke at length with a few people about how this step away might happen and ways to facilitate it but nothing about economic business need came up. In my limited sight, I would say that there are two potential things driving this with price being a convenience.

  • Change of direction based on a reigning in of scope creep (needed)
  • A technological understanding (new or threat) that has come to light and caused a large rethink (checked what Dan is up to?)

I can't imagine this being a completely kneejerk reaction.

This is an opportunity though and it is a risky move considering the market position but I think less risky near the bottom than if we were on a bull run up now. The move is unlikely to cause many hands to fold and the low price seems to be encouraging distribution still. Distribution is still a major issue in the cryptospace and this is a decent point to encourage some diversification from large and staking in of small.

Right, it's safer and quicker to turn the ship when you're going slow. Thanks for this.

And advertising same on Facebook.

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