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Is Steem and Steemit Now A Failure?

bitcoinfloodPosted for Everyone to comment on, 5 years ago3 min read

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From what I have so far steemit and steem itself is looking rather shaky from the news I have reach about Ned and past history of the steemit site and network.

That being said I am trying to get all the facts right here as there really seems to be no central place yet to really get good solid information which is sad.

70% of steemit employees where laid off. Why? I guess to cut costs but then I wonder WTF where those 70% of people doing because I didn't see shit come out of steemit this last year other then a hard fork that pretty much did nothing to help the community or system.

SMT or Smart Media Tokens now will no longer be worked on and wont be a thing. Is this true? Because I swear for the last year they have been saying its going to release soon. Talk about some bad marketing and lack of understanding a project! I know smaller teams that get more done.

Generally pissed

I find myself really angry that for some reason we cant find a way to recoup from this all and keep on task. When times are though you figure out a way not complain and blame others. There is a MASSIVE community here willing to help and in most cases do it for free to help see the system they invested so much time and money into grows. So why is this not being used or asked for help ?

There seems to be some serious flaws here when you look at the way this place is being run.

Again another reason why I dislike DPOS and rather of POS instead of relying on a few people to run the network everyone could help run the network and more it more robust for $10 a month on a cloud server. I mean come on now let us know how we can help and stop complaining and trashing the entire thing this is not the right way to go about it.

By all means if I am wrong about any of the above or have more details please comment below. This is just my point of view from the information I have found so far.

My confidence went from 100% of steem and steemit all the way down to next to nothing because of the current news coming from Ned

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