Seeing some posts saying DeSo had a "tough week." Thought I'd share some thoughts.

First, regarding Coinbase issues, those should be resolved this week. A minor bug unrelated to the recent hard fork was causing an integrity-check on DESO balances to fail, even though nothing was wrong with the underlying chain. The issue has been fixed, and it's just a matter of rolling it out. In the meantime, if you don't have a stuck deposit/withdrawal, remember that megaswap.xyz is always available.

Now, regarding projects building on DeSo, I first want to say that I really appreciate the efforts of projects like OpenProsper, SearchClout, etc... All of them took a real stab at creating something amazing, and I'm very thankful for the time and effort that they invested into our ecosystem. They are also still an integral part of our community, and we're excited to have them back building again in the future if they find other interesting products to build on DeSo.

In every scenario where a project is shut down, we have a decision to make, which is "should we give them more funding to keep going with their current product?"

Our policy on this has evolved over time, but eventually we settled on a simple rule: If a project is not bringing new users to the DeSo ecosystem, or if it does not have a direct path to profitability, we will not continue to fund it.

While this policy may seem harsh, we think it ultimatley works out better for both the ecosystem and the founders of these projects as well. When a founder is forced to move on from something that's not working, they discover things that are really truly amazing for them, and we want that for them irrespective of whether they find that on DeSo. On the flipside, when something that's not working is shut down, it creates opportunities in the ecosystem for other people to try a new version that could improve on their efforts.

In the case of OpenProsper specifically, we had the launch of a major Postgres+GraphQL upgrade coming that, while it would make it much easier for anyone to do arbitrary analytics on DeSo's data, would also effectively require a rewrite of the stack that OpenProsper was using in order to keep it going. We considered various options with Salil, and he was really amazing about wanting to support us all throughout, but ultimately it seemed to make more sense to let Salil move on to focus on bigger and better products, and to allow a new crop of developers to take a crack at building something awesome with the new tools that are launching in the next few weeks.

Right now, we're in a bit of a quiet time before the launch of a lot of new capabilities. The Postgres+GraphQL upgrade I mentioned will enable developers to build much more complex apps than what was possible before, but we also have multiple exchange listing integrations in progress, Revolution and DeSo Drive are currently deep in the development stage, and of course the subsequent launch our next major product is on the horizon, and we'll be dropping more proposals for that in the next few weeks as well.

Above all, don't let the somber silence of the bear market fool you into thinking that the core team is working any less hard than we always have been, or that we're doing any less to support the ecosystem than we always have. Often, the quieter things seem, the more that's getting done, and, usually, the more there is to come in the near future. Bear markets are hard, but the long-term for DeSo is as exciting as it's ever been.