Gotta pay salaries and hosting fees etc. Just because Steem goes down doesn't mean their expenses go down.
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Gotta pay salaries and hosting fees etc. Just because Steem goes down doesn't mean their expenses go down.
If that's the case, then it seems like they got to pay a lot. I want to get a salary from them too!
I doubt developers are cheap. I think they have a team of them so I imagine they have to spend at least a million if not $2 million a year on staff.
I don't think they got many.
They have to have at least one or two full time developers I would imagine. I guess they have a merketing guru as well who says they are increasing staff.
She made some comments here.
https://steemit.com/discussion/@whatsup/questions-for-steemit-inc
OK, that makes sense.
If Steemit has a lot of salaries to pay and has to sell Steem to pay them it should lower the price of Steem which does have an impact on the entire platform.
I think it would be good for Steemit to have less Steem although it will hurt the price in the short run.