The reason steemit is in decline and steem is on the verge of an all time low in price is not because the founders, and especially dan, don't know what to do. It's because they don't care. Dan is especially interested in wielding is ill-gotten influence, simply to feel the power. He doesn't mean to destroy the value of steem, but the possibility doesn't weigh in his decision making either.
He has never done the smart thing or the right thing, just whatever makes him feel most in control.
I know it is easy to hate the messenger (me), but look at the price. The constantly declining price is a result of eroding confidence in the leaders of this project to have any reasonable priorities.
If you could dump endless amounts of a coin, exert nearly totalitarian power over a platform, and end up rich with no consequences, wouldn't you do it? This is why the price, payouts, and participation continue to decline.
Dan and the rest of the so-called developers can't put their heads down and evolve the platform because the need for indulgence is too great. They would rather pick winners and losers of the reward pool, post blog drivel, go on a war against vested members of the community, and roll back gains by any community members who are not insiders. And ned, the supposed CEO of steemit, is incompetent to manage his employees.
So yeah, it's doomed. Don't expect a crook to change his stripes.
At the beginning of this whole journey, I would probably have disagreed with you, however I find it hard to at the moment, simply because there's nothing to point to to disprove you.
Cg
I respectfully disagree with all you have written here. It's sad to see such vitriol being heaped upon this team, and attacking people's character in this way is so completely poisonous.
Just wanted to register my dissenting opinion here so your sentiment doesn't remain unopposed.
You can brown nose all you like, it isn't going to stop the train wreck. Let's see what you have to say when dan and ned resume their weekly dumping. They have already cashed out millions of dollars. I can't wait to see what you say when it picks up again in a few weeks. My guess is you will be too spineless to admit you were wrong.
You're so dramatic. You think this is a suicide pact or something. People can do whatever they want with their property. So, any alleged dumping, by whomever... well, the more folks sell, the more people like me will buy it up and lower our average cost. Wrong? About being a crook? This doesn't even deserve a response.