I still don't understand why the sudden change from 2 years all the way down to 3 month. Doesn't this break a promise to a lot of long term people invested in the platform? Is this proposed change directly a byproduct of using equihash or is it more of an arbitrary one to try to create more balance.?
Or is it just about keeping up with the competition of the successful Zcash. I'll admit that I don;t know much about how all these algorithms work but I am pretty sure a good majority of people who invested don't understand either and are confused why the new drastic proposal from the long term plan before.
Reaction to price panic, and I think it was becoming clear Steem isn't attracting new investors, and SteemIt, isn't attracting new (real people) bloggers.
Yeah but everything has its ups and downs. Yeah but what about the old investors? weren't they promised two year on SP? 3 months seems like a drastic change. Actually steemit is still consistently growing, not declining.