This is actually a beautiful response, now you understand how the difference shape out and everyone takes a different conclusion.
What is important now is to recognize this is crunch time, the reality Steem trading volume isn't attractive to exchanges to bear the risk and by all means we have to preserve the status on exchanges like Bithumb and Upbit. We lose those exchanges and the ship goes with it.
What can Steem do right now to kick a little energy into it? What tools does Steem platform has at its disposal to get things going. I also believe Steem needs a VC to back it and some additional source of investment. Folks need to see some sort of financial warchest being built. I see a lot of fancy proposal and blogs of ways forward but no one is talking about MONEY. Investment is vital for survival
I agree with you on this one. Investment is a huge part of the ability of a startup like Steemit, Inc to survive. Having a financial war chest is essential. Under Ned's watch, the finances of Steemit must have been badly neglected. A platform with some tens of thousands of weekly active users at best had a market cap of almost two billion dollars at best. Steemit, Inc must have wasted a shitload of money during the bull run. They've been making a lot of progress in the last year and managed to generate enough ad revenue to stop auto-selling for a month this year. What they should've done during the bull market when they were awash with money is to hire the best possible talent to work on the core blockchain software and do their best to prepare for the inevitable bear market. They have got much of the job done by now but now we have to pray that the new bull run we're at an early stage of will save our asses.