I just finished the livestream with @ned after the news broke they had to let go of 70% of the company.
My Quick recap:
They focused on too many things at the same time, when the price of STEEM crashed they couldn't afford to keep it all going.
The core development team is still there.
But now everything is focused on reducing costs.
Many apps rely on Steem node clusters and API's to run. This needs to change. They either have to pay for it or run their own (like Esteem).
Implementing RocksDB was mentioned to reduce the RAM size of the nodes (the heaviest costs) as something to focus on straight away. This may take 3 months, maybe more (unsure).
SMT's are off the table for now. They might consider a Simple Token. Just a token, transferable on the blockchain, maybe with some fund raising capabilities.
They are trying to find their way and focus again. Are they solely a blockchain development company? or more?
If it's the first Steemit.com might need to go so more focus can be put on development.
Other front ends can always take over.
That's my take so far. Probably have to rewatch tomorrow. Lot's was said.
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