I thought about making a separate post for this, but you know what -- this is just as good. The final denouement of my Steemit adventure.

After watching everyone game the platform hard, like grifters shaking a cup in the subway, watching as people posted content from elsewhere and called it their own, watching as bots took over and paid campaigns and other shennanigans -- like the entire steemit blockchain seizing up like a suburban dad shoveling too much snow from his driveway -- the final straw happened.

The big announcement that the Steemit team was going to be reduced by 70%, and no doubt applauded and hailed as the "best thing for Steemit" ever by the promoting-cheerleader squad, I knew in my heart that this platform is fucked.

It may languish in some form here and there, but ultimately staked platforms are only as good as the tech behind it, and this pile of gated tokens (THREE of them, really? what the fuck people. Probably more with the other changes) just tells me what I was denying all along -- that its designed to slow down real market forces.

The only reason it takes forever and a day to convert the Steem token (and its many bastard step-children) is that the very real fear people will do a "run on the bank" and push the unit price towards zero. And you know what? Maybe that is exactly what its worth.

I don't need it to trade down into irrelevance to be "right". I just know that when nearly the entire team gets sacked there's a little more wrong than just the need to "pivot" to something else.

For those of you staying, good luck, but luck doesn't make a market - buyers and sellers do. And I'm dumping all of mine, because I don't see the utility in this bot-farmed-pirating-text-haven anymore.

Have a good one.

If any of you want to follow to another oasis, I recommend checking me out on Mastodon, the non-corporate version of Twitter -- https://bitcoinhackers.org/web/accounts/622 - That's my profile with my posts.

Not so much stories, but I may be persuaded to post some here and there if such demand exists.

"The future is here, just unevenly distributed." - William Gibson