Indeed, Steemit was selling a lot of STEEM to cover development costs. Do you remember the time they laid off more than 70 people? Later, a much smaller team was able to deliver a lot more. And yet, we still don't have SMTs...
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yeah i know, as soon as the inevitable bear market took hold it was like uh oh and investor confidence went with it. Utter incompetence he just didn't care one hoot about the project only the money and fame.