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RE: Neds Lay Off Post - Worst Case Scenario
So what are the alternative approaches @indigoocean? Or do we just have to hope that the price of Steem rises now the cuts have been made?
But then why would they rise? If people didn't want to invest when the price was higher and nothing has changed other than team being cut back I can't see what incentive there is for new blood to buy in right now.
Maybe there are some quietly rich people in the community and we could have a community buy out! 😁
I actually posted about this last night, and updated it with a link to an article this morning. Bottom line, I think we should focus more on traditional VC funding to finance things, and stop selling STEEM to cover operating expenses. But only STINC can do that.
Others will say, "No! More decentralization is needed, not less!" To which I would reply, what decentralization when we're already delegated proof of stake? Let's stop pretending and get on with making things work without devaluing the coin.
Thanks for the reply @indigoocean.
Here is a link to the post mentioned in Indigo's comment if anyone would like to read more or join in the discussion there . . .
https://steemit.com/steem/@indigoocean/the-business-of-crypto