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RE: What do think about Steemit CEO Ned Scott's announcement that over 70% of Steemit Inc. has been laid off due to a lower bottom of the market than was projected?
I wouldn't know...I don't think anyone knows what they do with their money.
No one even knows who worked there or who to be sad for. Is 70%, like 1 people or 70 people?
I feel sorry for those folks who hung their hopes on jobs here though, or quit their jobs for steem, but only a little bit, because it was never a strong proposition to gamble on from the get go.
But it's a little too late for "I told ya so" now, eh?
everyone got spoiled on the way up and delusions of grandeur. yes if you had shares it was sweet, but to think you'd live off the bloggin here, that's crazy
And yet child genius instant millionaires thought they could run a whole company off it and they barely even blog, or curate, or show up, or finish a task, or deliver anything... that works....
I count 10 + Ned in this post https://steemit.com/gathering/@ned/have-you-seen-this-post-yet @5:37. So 70% would imply 7 well paid people. @sircork
Apparently, exceptionally well paid. Or, were, rather. Only just counting the people in the video, is inconclusive, as its not clear where he is speaking, though the name of a "hall" under the whiteboard, implies a college somewhere. So we cant assume those viewers are employees, plus, it appears to be a presentation, not an internal design presentation. (I live that life) and of course, we know there are alleged to be support staff outside dev, in marketing, copyrighting, and so forth.
The point is not to belabor the exact number. It's that no one knows, and thus we have no concept of their scale, or capability to deliver. And as much as I am FIRST to holler steemit IS NOT steem, the sad truth is, they gatekeep, they control the top 20 witnesses and they have centralized the living shit out of the place, and then managed to lead with a genuinely fair level of incompetence.
So, we really are just gambling on a total crap shoot here. No matter how "rah rah" the stalwart, and often naive community is, nor how dedicated the solo underfunded ,undelegated developers are. I cant tell you how many great minds I've seen give up in disgust and leave the ecosystem in the last 20 months, but its a LOT, because quite frankly, the opportunities here get squandered or ignored and the grass is greener elsewhere in systems that at least pretend to be decentralized better.