I'm with you on the 'it's down to the community to do more' sentiment. I'm also still confident that there's enough talent around the blockchain with enough of a fiat buffer (which is sensible) to get us through at least several months.
This is worrying, very worrying. Announcements like this hardly encourage people to invest... it could be a long dark winter ahead.
Then again, there's nothing like a crisis to bring people together, and this might now a realistic chance for me to become an Orca. I can't see the steem price going up anytime soon after all!
I'm not going anywhere btw, I've got nowhere else to go!
i just hope there enough witnesses like yourself with enough of a buffer to keep their servers running until BTC picks up and SMTs come online.
If I learned one thing about the markets this year is that they hardly care about good or bad news/fundamentals. STEEM is even a little bit up today (because bitcoin went up).
There will always be witnesses to be found I'm sure :)
I'd say the markets react to bad news. The most frustrating part, to me, about the markets is that people dump at the slightest set of bad news. Whenever there's even the smallest thing on the news, BTC goes down.
Crypto holders are some of the most fickle holders I've ever come across in my life.
The thing I'd most love to see is STEEM somehow breaking away from BTC, and becoming its own thing. Independent of BTC.
There's no reason why BTC should get to dictate STEEM price so much.
We just haven't come up with the way yet.
Surely this trend counts as Steem breaking away from BTC?
Obviously you mean in the other direction!
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I know what you mean - steem just spiked 5% against BTC.
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