Barking mad?

I haven't had a chance to watch it yet but the stream from @ned seems to have pushed the release of SMTs off the table. Well, this is going to be interesting considering that applications and SMTs were the focus just a couple of weeks ago with many off those applications planning SMT releases.

The focus is on cost reduction and especially on the resource requirements of the blockchain, which is again interesting but not necessarily unexpected considering resource requirements are always a factor to refine.

What I do think is that all of these last moves feel a bit knee-jerk-ish and wonder what is going on behind the scenes that has sparked decisions and presentations that are almost destined to create FUD in the community. We can of course speculate on it til the cows come home but without inside information, not really know.

But, it is of course possible that there has been other reasons for these moves and price is a convenient excuse, or perhaps part of a convenient excuse. I think price alone outs not enough of a reason considering SMTs were scheduled for only 4 months away and were seen as a critical factor for success.

It is also possible that there was a fundamental flaw in the plan that required a back to the drawing board approach or, a new factor or innovation that forced the same. I am hoping the latter option of this is the case.

Potentially, competition or collaboration was the catalyst for the swing where new threats or opportunities opened up that were previously not considered.

It could also be part of the plan.

Whatever it is, I am pretty certain there is going to be some angry people out there who are going to be spitting their emotions all over the blockchain. Will you be one of them, get fight up in the mob mentality and join in on the rioting?

During times of uncertainty and stress you can see what people are made and capable of, as some will lose their composure at the sense of potential loss. It makes people susceptible to losing control and starting to panic which can quickly get out of hand. It also mashes them prone to manipulation and trash decision making. At times like this it is better to think slow than fast but, emotional fear makes it difficult.

There are a lot of interesting days lately. If price drops on the news, are you going to buy in?

;)

Taraz
[ a Steem original ]
_{(posted from phone)}