Here is my crypto conspiracy conjecture. The 70 tried to take advantage of the system during the HF. They lined their pockets all the while formulating a coup to take over. Ned caught wind of the conspiracy and because of his savy determination and ego, he outsmarted them and found a way to fire them.

Steemit is Ned’s baby and I cant imagine that he will want to see his legacy fade. Unfortunately ego and pride come before a fall and I dont see steemit recovering from this devistation without a radical revamp.

On the slight chance that Ned can get this thing back on track steemit could return to providing a valuable resource of qualtiy content. Whatever happens I think it will happend quickly. This boat will either float or sink within the next 3 months.

I have some steem on huobi and I am going to exchange it for something with a little more positivity. On another note BTC is a horse and buggy cart in a Bugatti Super Car world. ETH is a much more viable vehicle. Steem is just smoke from the exhaust right now.