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RE: Steemit.com is running at a loss! Start generating revenue or get out, you are strangling other applications from succeeding.
It's deducted from the announcement post of the layoff.
The bottom of STEEM is way lower than they expected and therefor they had to let ppl go. They couldn't afford to keep the on.
The core dev team is still there.
Right now the focus is to reduce the costs of the full nodes by reducing RAM usage. It's priority because it's costing them 2 million dollars a year. Not much in the good times but a problem in a long bear market and if this comes from STEEM than it puts a lot of pressure on the market.
Outside revenue models need to be found, now more than ever.
I don't think this situation was fully anticipated but we are in it now so we have to get a move on or everyone loses.
Okay, thank you @exyle.
Ultimately I favor a fully decentralized architecture spread over the globe, with no single point of failure capable of "bringing down the whole house."
Right now, at this point, it is of real concern to me we don't appear to have reached anything close to that.
I appreciate your efforts, hopefully allied closely with others, to come up with a viable solution.
All the best to you @exyle!
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