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it looks like things aren't going too badly so far. The community is rallying. 😊

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I sincerely hope not. I remain optimistic! I actually cannot believe that it has only been 6 days since Ned spoke explanation!

I think this was like a well needed wake-up call for INC. So much potential and great people here! COME ON! Let's get it together!

Hey, @gillianpearce.

Not sure if you watched the livestream by Ned today, or if he managed to answer any of your questions, but maybe there was something in there which helped to provide a better idea of what's going on at Steemit Inc and where they could be going.

For me, it was a lot of thinking out loud, which doesn't generally mean anything, until a course is settled on and then set in motion. It seems to me Ned wants to get back to the core mission of blockchain development and cryptocurrency adoption, which is what I thought they were focusing on anyway, because if it wasn't that, what was it?

Steemit the UI hasn't been updated in any substantial way in the time I've been here, so that wasn't their focus. And it took over a year to get this last hard fork out, when previously, there had been 19 forks in a single year. That was a bit much, probably, but it gives the appearance of a major drop off in production, which leads me to believe there was company bloat to begin with, and it was slowing things down, not speeding things up.

At any rate, the lights still seem to be on, there's still multiple access points to STEEM, and I'm still leaving you a big comment to read.

Hope you'll be able to sort through all of this Steemit Inc mess. I'm not sure I've been sorting, or just keeping on to keep from sorting. One of the two, though. :)

Good questions, @gillianpearce, I'm worried about the same things. Keeping an eye on this to see if anyone can come up with some answers! :) Anyway, hope that this doesn't happen (that Steem doesn't go down...)

Thanks for digging into this and coming up with some answers. Reading the comments it seems you've pretty much got an answer to your questions. Bottom line, we really need STINC to stay up and running to pay for a lot of the infrastructure for the time being. But we clearly need to transition away from that reliance. For one thing, because it clearly is being done by them selling massive amounts of STEEM, even at these abysmal prices at which the rest of us are being encouraged to power up and hodl. 

Just like corporate stock buybacks prop up the stock price, this approach to infrastructure financing naturally depresses coin prices. We are really noticing it now because of the crash of the last week or so, but this has always been a negative force at play.

Wow! Gone for a few weeks and this is what happens; although we both know it's been *happening* for some time.

I read through the comments, but I'm hoping you get more specific answers @gillianpearce.  Thank you for starting this conversation though! (I've been away, but I'm going to safely assume we're not the only ones having it).

Thanks @gillianpearce for diving into this a lil more and giving us a little more explanation to all this madness!  I love steemit, I really hope it can rebound and continue its stroll to the top 5 market cap.   It would be really sad if this amazing community fell apart.

oh @gillianpearce what a difficult time steem and its users are facing.  Let hope these cost cutting measures are enough

I think there are presently 4 witnesses running full nodes.... [@anyx](https://steemit.com/@anyx) is probably the best person to look to for an answer to the question of how continuous things would be if steeminc disappeared.

Most of his posts are techno gobledigook to me.

I've no idea how many full nodes steeminc run - neither do I know how easy it would be for other witnesses to run full nodes.

I do know [@felixxx](https://steemit.com/@felixxx) is 50% out of pocket as a witness atm so keeping the system alive is an issue.

Posted using [Partiko Android](https://steemit.com/@partiko-android)

We are entering dangerous waters, and no one can tell what will happen. Of course, I think we all want this to continue, and I feel that we are back to where it all started, so maybe there is still a way to sustain the platform. But people will begin to leave.

Congratulations @gillianpearce! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

<table><tr><td>https://steemitimages.com/60x70/http://steemitboard.com/@gillianpearce/votes.png?201811282310</td><td>You made more than 18000 upvotes. Your next target is to reach 19000 upvotes.</td></tr>
</table>

<sub>_[Click here to view your Board of Honor](https://steemitboard.com/@gillianpearce)_</sub>
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To support your work, I also upvoted your post!


> Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!

I'm concerned there is sort of a single point of failure here: the API server.  As far as I've understood, witnesses are not required to run API servers, it's quite costly to run API servers, hence api.steemit.com is hardcoded in many "dapps", if Steemit stops this service and the cavity won't be filled up by someone else, quite much of the eco system will grind to a halt.

But there's a lot of interfaces already, besides SteemIt.com. I've been using Busy and eSteem. I only use SteemIt for placing orders in the internal market and even that can be done through SteemWorld already.

Wouldn't this be enough for us to carry on?