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The core developers are busy fixing problems with the Steem implementation and are experiencing problems (or at least that is the impression I get from the GitHub). It appears that Ned and Co. are too ambitious and are trying to do too much at one time. As a result, not a lot has been accomplished and everything is behind schedule. They should probably delay SMTs and focus on Appbase, Hivemind, and Scalability, but they probably won't.

I think this is a spot on assessment. Developers are notoriously bad for biting off more than they can chew. And thus, Soon™ was born. There are always unforeseen problems.

You'd think they'd learn, but they never do. As a rule of thumb developers need to figure out how long something is going to take, and then double it.

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