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RE: Steemit Update
Probably automatic ads and the hope that the bear market would reverse faster or bottom higher.
Probably automatic ads and the hope that the bear market would reverse faster or bottom higher.
It was posted organically on Ned's page; it wasn't an automatic ad. And as for the hope... I think we're all hoping for the best, but surely Ned had a grasp on the reality of the situation. Seeing the steady decline of the crypto market, it's strange to say "growing fast" when a 25% downturn in the market results in laying off 70%+ of your team.
You're right. Good eye!
The current lay off was probably done in preparation of an maybe even deeper drop. Making the team as lean as possible. But I'm not sure about that of course.
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"hoping" is never a good business strategy
Obviously, but life is sometimes like poker, where you have to run a fine-line and play on risk. But I don't think right now is the time to analyze everything into detail, instead, we should focus on giving as much as we can (and want) to bring Steem forward.