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RE: Looking forward to a successful SMT-lite launch, I am very bullish on the future of Steem and the SMT I be watching is Magic Dice Token
First what is SMT-lite? Second who is developing it? Third why should I care?
We were promised SMTs. SMT-lite isn't clear and communication isn't good on what it is.
I know the frustration but lets give them the benefit of the doubt, probably they were not focus but now that I am around software developers, things really take time and its really impossible to deliver on a date especially when you working with no financial resources....On the protocol level there were Waves code that they could have probably use with some modification but Steem code is another ball game
There is a lot of testing and deployment, sometimes the code does not work like you intend to and then they pack their bus with so much to get done that it ends up messing up with getting whats important done....
Especially if you building code on top each other, one addition means seven broken pieces and you start all over, not to mention you come out with something shitty and it really back fires, so its a difficult
The Founders are powering down and sending millions of Steem off somewhere. What do they know that you and I don't know?
https://steemit.com/steem/@dana-edwards/dan-and-ned-powering-down-millions-worth-of-steem-why
I understand your frustration there as well, in fact, Steemit INC and the account alpha among others have been the biggest bears within the Steem ecosystem... Sadly that trend would continue as they are powering down again, so I expect more selling, with all the dapps I hope in time the graph would point higher... It is one of the criticism it often receives, that we give it a sense of legitimacy while only a few benefit
This is why several exchange has put Steem wallet in maintenance, at least they still around and not delisted. It would be nice if it was traded on OKex or one of the exchanges that offer shorting, it would be easy money to short at this time, SBD is no longer trading at a high value, so there is little holding up Steem...
Lets hope it works out in time but yea, I do understand your frustration, when I saw they started powering down again, I was like here we go again but I hope they don't start dumping right away, give the token some room to recover and lets users get some funds, lots of folks are under heavy water