Can You See Clearly Now??
At this point I think most people have either read Ned's post about Steemit Inc's restructuring, or they've at least heard about it. In case you haven't, Steemit Inc, the company that created the Steem blockchain and runs Steemit the user interface has laid off 70% of their workforce. No word on numerically how many people that is, ie is that 7 of 10, 35 of 50?
Regardless, this is a heavy blow for everyone involved with Steem, first for those who lost their jobs, but also for those who have invested time and/or money in Steem.
It seems the timeline for SMTs has been delayed, although we don't know how far out they have been pushed.
Although a lot of the recent drop in Steem's price can be attributed to Bitcoin's fall, some of the drop is separate. Before this latest drop in prices started, 1 Steem cost around .00011 Bitcoin. Since the drop 1 Steem is now only .000085 Bitcoin. That's a 22% decrease in price that's not directly attributable to lower Bitcoin prices. With the additional news that Steemit is laying off so much of their workforce, thus delaying SMTs (the innovation that was to be what took Steem to the moon), where does that leave us?
If we're still to reach our goals, who picks up the slack?
This has been a great experiment, and a lot of positives have come from it. Will we be able to reach our goal though?
What do you think?
If you were running the show, what would your next move be?
Get a focus group together of all the various aspects of and users of steemit and see what their wants, needs, and desires are. Take this information and work toward providing first the needs, then the wants then the desires.
There are lots of different groups and users of steemit. There are the internal business people, the bot owners, the bank/loan owners, the game runners. The developers those not working for steemit but looking to build programs/tools to take advantage of the blockchain. There are the bloggers those that want to use steemit to monetize their content. There are the users, the non-monetizers, the on occasion poster, primarily content consumer/voter (myself), and then the pure investors. I am sure there are other kinds of users.
Steemit needs to learn who it's customers are and then they will have a better idea of what they need to do in order to move forward.
I think that's a pretty great plan. I don't know if they've done focus groups, but they can be hugely helpful, especially when you don't know who your customers are. I think most people feel that Steemit Inc is out of touch, so that would be good for them to hear about what their customers actually want from the blockchain. Good idea!
Dang, that's unfortunate news, I actually had not heard. Oh well, keep on keeping on, right?
Yeah, it's too bad, but no unexpected, I guess. Yeah, we keep our heads down and keep after it... and keep stacking silver.
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Howdy sir Blondie! This was pretty depressing but it's still just a waiting game. I don't know what to think. I'll leave that up to you, you're pretty good at it!
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