Midnight Breath

Whew... I have a bit of time to gather some thoughts. It is in the middle of the night (alright posting time delayed till morning though), in the middle of a crazy swirl of coordination, and I'll be glad when it's all over. I might talk about it later, we'll see.

About the current situation. Yeah, it certainly looks bad, alright. I don't really have much to add to general sentiment, but I'm still fairly optimistic about STEEM. Why? Because in the end, nothing fundamental has changed. Yes, blockchain feature delays, but I see the recent direction as being of higher importance. Why weren't those things (things to minimize the cost of running infrastructure) prioritized anyway? Because of a push for the feature (SMT), thinking that the team could afford to do so. At least that's my reading of it.

In my estimation, the effect of the price drop should just be speculators that were banking on faster SMTs (is that everyone? It certainly doesn't appear that way). It's not that SMTs will not come though, they seem to be scoping the new timelines out. But there's one thing that I haven't heard mentioned yet: STEEM isn't the only token slowed down by the bear market. We'll see how it plays out.

You might also point to status quo as a bad thing. As is, it's a failed experiment. What, is the experiment over already? I guess I should go back to real life then. But actually, we will see how the platform evolves in these conditions as well. Certainly we should see if any behavior is going to change. After all, people thought simply investing a ton and passively generating income was going to be guaranteed profit. Silly... Didn't anyone warn them (those greedily banking on passive income methods) that nothing is guaranteed, especially when it comes to crypto?

I didn't want to end on a sour note, so... I'll just say that I've been doing some sneaky work here and there though. Namely, more tinkering with steem keychain integration with condenser codebase. My mini-accomplishment is fixing a particular issue with the integration of steem keychain and the production condenser (here if you want details). After this, or something similar, gets released, we can spin up many flavors of condensers without having to rely on trusting a website. I should be making a more detailed post about it in the future.

But yeah okay, this isn't a big deal compared to the cost issues that have recently been brought to light, but hey, it's something.

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