Part of the Steemit community seems to be in panic mode right now, due to Ned's announcement that Steemit Inc. was laying off close to 70% of their employees. After that announcement was made, I've heard from people that they were planning to completely move away from Steem, to start over on other platforms like Medium, Whaleshares and Trybe.
While I respect everyone's choices in that regard, I can confidently say that I will not be doing that myself. In fact, these recent events have caused me to double down on my support for Steem.
In one of my previous posts, I had mentioned that I would not be investing more into Steem, unless I saw some tangible improvements and changes.
I've powered up to around 3100 Steem Power, which I think is more than enough for now. I need to see some real changes and improvements first, before I invest more. I think this is not too much to ask.
I didn't expect to change my mind so quickly, but thanks to the recent community livestream on Ned's Youtube channel, I've again regained enough confidence to continue investing.
This is what we've all been waiting for, right? More transparency from Steemit Inc. towards the community and them listening to suggestions made by members of the Steem community. Then add the fact that they've actively working towards reducing their expenses and you can see why I'm starting to be positive again about Steem's future.
Aside from some negative reactions, we've also seen a huge part of the Steem community come together and offer their support to keep Steem alive. I'm not going to mention everybody, but the posts of @therealwolf (link) & @acidyo (link) were the ones that caught my attention and reaffirmed my beliefs that the community wasn't going to give up.
All the different Steem dApps are still going strong and will likely cause a massive influx of new members in the future. If individual dApps can become fully self-sufficient without the support of Steemit Inc., then this ship cannot be sunk! It will continue to be developed upon, regardless whether it has corporate backing or not.
Keep your cool and don't leave just yet! I'm not powering down until Steem reaches $10!
