TLDR

• Will be shutting down Steemfiles it has become an economic white elephant: Votes used to cover the costs but sales were never enough and were more often people trying out the system.

Economic Failure

• Technically the site worked but economically it was a dependent on the Steem blockchain
• Barely breaking even before the last hard-fork. Now Steemfiles is just a dead weight. It is time to cut my losses
• An activity that constantly loses money is a hobby. An activity that constantly earns money is a business. Steemfiles is the former.

Educational Success

• I gained experience using angular and interacting with RPC nodes in Javascript and Beem.

Lessons Learned

• Never trust any instrument to maintain parity with the dollar except for the dollar. Ahem... nubits and steem dollar.
• People will shamelessly upload things they don't own or otherwise abuse the system with files they cannot sell

Also posted under leprechaun. I do control both accounts.

Dash XjzjT4mr4f7T3E8G9jQQzozTgA2J1ehMkV
LTC LLXj1ZPQPaBA1LFtoU1Gkvu5ZrxYzeLGKt
BitcoinCash 1KVqnW7wZwn2cWbrXmSxsrzqYVC5Wj836u
Bitcoin 1Q1WX5gVPKxJKoQXF6pNNZmstWLR87ityw (too expensive to use for tips)

See also

• My new voting declaration
• Bittrex not releasing people's funds
• I am Leprechaun

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