I'm literally reading this post and replying on esteem because steemit is down again. Are the ddos attacks still going on? Or is this a new threat? It would be nice to know the reason for the recent downtime.
It most likely has to do with steemit displaying everything on the steem blockchain, just as you'd mentioned. Too many requests on the public RPC node could be another issue.
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I don't know yet what is causing it. For now, it seems to work again.