Lets be honest, none of the witnesses or developers have the financial resources to support the chain. This was a burning ship that was sinking in the middle of the ocean. No one was making anything from blogs, just a select few. All the witnesses and developers were doing was pulling money from the system to pay bills and maintain developments that always miss deadline. Steemit and witnesses were the biggest bears on the platform selling millions of Steem. This scenario could not continue, Steem take a mental toll on a lot of folks, I know folks who invested thousands of dollars and probably never get back that money, one guy cannot face his wife and another loss a house. There is a lot of sad stories. We may not be the typical bitconnect but there is a lot of like stories once you start asking question.
Even a simple new blogger who manages to get a couple upvotes end up receiving flags because some folks think he is making to much money, the signs and flags were waving at us, financially this could not go on any longer. Witnesses run a server and dumps to maintain those server, no money is coming in, think about it. Justin Sun deserves a chance to change things around here
RE: Steemit community need a dose of reality, am all for decentralization but Steem desperately needed investment and it can't be business as usual