RE: Vlog 378: Steem inc. battle plan + @blocktrades RocksDB proposal to Steemit + Steem sentiment.
The cuts were deep and unexpected, but I don't see any reason to believe we were at the edge of disaster.
Imagine if Ned laid off 10% of the staff each month, for 7 months. That would be far more troubling.
He saw an issue ahead, maybe a distant one, and took decisive action. It may have been at the last possible second, or it may have been an overcautious overreaction, we can't know.
Often shareholders are glad to see deep staffing cuts as a cost saving measure, so I'm not surprised to see the powerdown stats are looking good.
Decentralisation is the winner here. As you suggested, long term this may well be looked back on fondly, as a real turning point.
Full marks to the community, particularly the technically minded guys who've gone above and beyond in sourcing ways to build redundancy into the ecosystem.
I don't think we'll need them, but that's the whole point in having a backup plan.
This downtrend has exposed some deep 'hidden' flaws in the system that are now coming out. They are fixable I agree. There is enough time. At the end of all this we will be more decentralised indeed.
The community has been amazing, a true asset this blockchain has and I hope will be utilised more from now on. And on a personal level, I am learning a lot of new life lessons.