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RE: Steemit INC Cuts 70% Of Its Employees: Back To Reality, Here Comes Gravity
"I will continue to do exactly what I was doing until now: I will monitor my witness nodes, ensuring they're working flawlessly"
i actually think this might be a good opportunity to show people that steem will stay even if steemit inc goes bankrupt. it hasn't happened yet but a bit of chaos might even be worth it.
Got the same feeling, but Blockchain without team is lethal direction. The Question now is who is the Team? The Witnesses??? Maybe 21 is not enough
No its not lethal. It will be tough for the shortterm. Not lethal. Thw witnesses and voting never had power in the first place because ned had it all. And still does. Thw biggest problem is his stake and incompetence.
First SMTs and Hivemind 1.5.... then say can go bankrupt. 😮😉
Theres more qualified people than ned for literally anything and everything. I havent seen his livestream yet but judging from my little experience in accounting steemit inc has slim chance of survival (im referring to the general pattern of ceos and organizations that go under because they only get reported what they like to see). They can hand it over to someone else or just open in for the community to deal with it. No more single centralized point of failure please :)