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RE: What is it about STEEM that its tanking so hard? // An open letter to STEEMIT.INC

in #steem6 years ago

The problem is, if Ned isn’t playing CEO, he’s really of no use to the company. He’s not a coder. He’s not a marketer. He’s not any kind of app/interface developer. If STINC goes with a new CEO, then Ned is just going to be unemployed. (And that’s not necessarily bad thing.)

I agree that STINC needs a new CEO. But I also think that maybe STINC doesn’t really need a CEO at all...or to even exist as a company, especially if it’s just going to be a few guys writing blockchain protocols.

They mined an 80% stake in the chain, dumped that stake and contributed to downward price pressure, and squandered millions and millions of dollars in funds...with almost nothing to show for it in over a year and a half. Perhaps they ought to just close up shop and burn the remaining stake that they hold, instead of dumping the rest with even less to show us all before the money runs out.

STINC is an albatross to this blockchain and its investors. The sooner it dies, the better.

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To that point, a successful company or group of business people can come in and buy out Steemit Inc.

As long as it's not Google or Twitter or anyone. :)