Daniel Larimer, the founder in addition to Pb developer behind the blockchain-based social media platform, Steemit, announced his resignation on Wednesday,
“I volition non travel posting or voting whatever more. I want you lot all the best.,” he said.
Larimer’s two-sentence post, which gave no explanation or argue for the departure, has thrown the Steemit community into turmoil.
And around disgruntled users accept defendant Dan Larimer of abandoning the projection at a crucial time,
“Did the same affair hap amongst Bitshares? Will the same affair hap amongst side yesteryear side projection from Dan? Grand vision, big promises in addition to quick leave of absence later the money is pocketed. Dan, I'm certain you lot could produce better. I want you lot all the best, Dan.,” said ane Steemian.
With Larimer’s abrupt departure, around Steemians accept too begun to query the long-term viability of the entire platform:
“This could travel the terminate of Steem. Without Dan Larimer who volition Pb Steem evolution in addition to contribute to long term strategy?”
While Mr. Larimer did non supply specifics regarding his reasons for leaving, around of his replies to query posed yesteryear inquiring Steemians shed around lite on the situation. When asked well-nigh a specific argue for leaving, Larimer said he was moving on to other projects:
“New opportunities to pursue my vision of costless marketplace solutions to secure life freedom in addition to property.”
However, around of Larimer’s other replies hint at increasing tensions inside Steemit’s management structure, “You wouldn't believe how oftentimes I post service something I intend is ok alone to travel told it reflects poorly on Steem.,”
said Larimer.
“Steem is dominated yesteryear politics beyond my might to command or fix. The code is inwards expert hands, the squad is to a greater extent than than capable of implementing whatever affair the community desires. Let's hope the community chooses wisely.,” he adds.
Ned Scott, CEO in addition to Co-founder of Steemit, has non released a contestation at press time, however, Mr. Scott said inwards ane of his replies that an official contestation volition travel released “as before long equally possible.”
The resignation of Steemit’s Pb developer comes at a fourth dimension when the value of Steem tokens is trading close all-time lows.
While Steem tokens were going for $4.70 a slice on July 20, 2016, amidst enough of hype in addition to a steady flow of intelligence articles from intelligence outlets across the globe, Steemit’s digital currency has continued to reject over the yesteryear nine months.
Today, the Steem/Bitcoin telephone commutation charge per unit of measurement is 0.00006160 ($0.076 per token) in addition to the marketplace capitalization of Steem is sitting at an all-time depression of $18.8 million:
