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RE: @ned: Less Is More!!!
The decisions being made by @ned regarding liquidity management were horrible in the last 8 months as it seems.... But the decisions now taken could end steemit Inc or Steem. I for now who was a fierce supporter and recommended Steem to friends will have to warn everybody of this possibility and not take Steem prices below 10 cents as a gift, but as a high risk investment which most likely will fail.
You think you can make more informed decisions than the CEO of Steemit Inc? The tunnel-vision focus on SMTs has been a mistake from the start, as I have said time and time again.
Multiply that 8 weeks by 2, because ETAs that far out are always underestimated. Now multiply it by two again to fix the bugs that you weren't expecting. Now multiply that by four because you just lost the majority of your staff.
SMTs are over a year away.
You forget that SMTs are already a year delayed. The Steemit team said that this time they were so confident Steem could be launched at that date that they even gave the exact day. Jan 24th. I said to myself, ok, a year later... at least now they commit to delivering it...
Now, I wonder if we will ever see them... I lately read that they have over 60 million Steems still around... Could they not have finished SMTs first?? 2 months of pay surely will not be more than 2-3 million... After that, theire stake could be worth 500 million again. Now the price will keep dropping and no one will want to buy in... as Steemit Inc will have to keep dumping until the bitter end.... and everyone knows that.
I did same with my friends ('steem can fail' that's absurd to me), but now I tell them, invest at your own risk lol
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