You are viewing a single comment's thread from:
RE: Steem.DAO UI Live on SteemitWallet
We will not be selling any STEEM this month. We have continued to improve revenue generation through ads while lowering our expenses, but we are still a long ways from covering our operating costs 100%. That being said, we have put ourselves in a position where we can pause programmatic selling, as we are this month. This is a very important benchmark for us because it was not something we were in a position to do just a few months ago.
This is cautiously bullish. I wish you success.
This is good news, but better would be if we had a plan to actually raise the value of Steem. So far they are cutting costs but not increasing the price of Steem. Cutting costs stop the bleeding at least but I hope with Steem DAO it is used in a responsible profit driven manner rather than to just throw money at code.