Has Steemit seen its glory days run dry? There have been many rumors that the CEO Ned Scott has pushed the company to the blockchain focus that he forgot about Steem being a social media platform. Now these are just things some of the former employees have been heard saying, but it is a rather interesting take as to what is going on. Give the following video a watch where i break down what is happening with Steem. I also give my thoughts on what may happen to other large ICOs and how we may see this trend continue as we have seen with ConsenSys laying off 10% of their workforce. If the big name projects are starting to do this will it also have a trickle down effect onto other ICO's which have no products and are running out of cash? I definitely think so, and I also see this negatively affecting Ethereum for the mid term.
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