The fact that Steemit Inc. has been one of the first projects to come out publicly about these struggles actually has me a bit more positive that I would holding other blockchain related tokens. The fact is that while remaining somewhat centralized there are also a number of businesses and projects doing well with their models like @blocktrades and @steemmonsters. This will lead to more decentralization in addition to better DApp models that will enable the ecosystem to become sustainable no matter what the external economics are relevant to price. At the end it is truly all speculation but there is value here as demonstrated with the passionate discussions taking place around the blockchain.
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Actually, you do make an excellent point. I think it was likely a good decision to make some changes before they wound up in deeper trouble.
At least now they have the ability to work on the blockchain, something they have done pretty well!