Yes, but I figured out that since the whole thing is open source, we could publicly fund paying the domain and hosting fees for the website if the Steem team opts not to, which is great news. It still is a little disappointing that high-up's may be powering down hard right now... it almost seems crazy. But there is a reason for everything.
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That feels really positive. I was quite down thinking about the demise of Steemit. It is disappoimtimg to get so many involved and then bail out ...
Well if a bailout is the intention, hopefully us users will inherit the platform, which would be awesome!