Let this be an eye opener to this entire community. Steemit and Steem are a BUSINESS FIRST and if the BUSINESS runs out of money so does all of its COMMUNITIES. As a business owner myself I’ve had to hire and fire handfuls of people. You make adjustments. You FIND a way. I appreciate your transparency @Ned but this is not “bad news” in my opinion. It’s Business. And we all have a new challenge. We need to support @ned and Steemit inc now more than ever. Steem on!
They’re a business paying themselves from volatile markets? This place is more like a used car lot where hucksters abound, I’d say. This platform was abandoned for a new UI, has sat pretty much unchanged in beta for well over two years, and SMTs are delayed. What kind of serious business stakes staff salaries entirely on the volatile markets?
The tough times are for those who have put everything into this place. I’m sure Ned and crew have more than enough of a financial pad to be alright.
I agree that paying your staff with highly volatile currency isn’t very smart. There should have been a big chunk of USD set aside for 5-10 years to deal with a highly volatile market. That being said this is the situation we’re in now... all we can do is move forward
That’s just the thing for me, though. Moving forward is what I thought this UI was supposed to all about. But now SMTs are further delayed, here we are still in beta after over 2 years, and now they’ve laid off 70% of the team and are switching to a new website.
Smells fishy as hell to me.
That and new users can now only comment/post a few times before RCs are depleted.
I was a big evangelist for this project and site, but no longer. Now they cannot even pay staff unless the crypto market is thriving?
Anyway. Venting a bit here. I appreciate your reply.
None of your venting is wrong.
Would it help if we all had the ability to opt-in to witnessing, in getting paid to contribute computer processing speed, CPU, GHZ, memory (RAM), hard drive disk space (HDD), for serving the blockchain, the transactions? AKA mining Steem. I've yet to mine Bitcoin. I may do that. I would love to mine Steem. But witnesses shouldn't rely only on Steem. They should have backup income, etc. Otherwise, life happens. Gotta have backups, options, in life, in investing, in everything. Steemit is still better than Minds, Gabs, Bitchute, Brighteon, in some ways. So, I'll continue to do what I can to promote Steemit regardless, still.
So will all the brilliant business minds on Steem now provide input on how best to monetize the Steem ecosystem?