Sort:  

The community should feel grateful that steemit still standing and operate even after BTC crashed in 2017 and they have to cover the operation cost for that. I have invested in many promising project ICO that never delivered after raising the fund or just stop and run after a "half baked" operation.

I am not sure when steempeak or palnet or a few other dapp interfaces started to appear, but it may have just been best if steemit bit the bullet years ago. It was draining and liquidating steem dragging the price down so they could have money to continue getting paychecks and paying rent while not doing much of anything-there is also a claim that ned scott got a bonus of $30m in steem. If steemit had just died and burned the ninja mined stake, the community wouldn't have broken apart. There are also signs that Tron may have been behind the scenes of steem for years, and given justin Sun owns polyniex(sp) and has special relationships with other major exchanges I also wouldn't put it past him to do off chain shorting (selling another persons holdings to buy back later) to get the price lower then use the discounted steem to cover as needed.

The steem chain would have survived just fine without steemit, and the bulk of the community is surviving on hive. All you really need to run a steemit like frontend interface are the witnesses [which likely also runs the api nodes], and a domain [like 10-15/year] on a static ip with https [varies], a computer [and place to put it], and fast enough internet [varies], and determination to code. Seemingly a lot of project just make steemit clones, but the steem/hive chain isn't limited to blogging. So it also is really funny hearing how steemit plans to destroy dapp potential to block voices they don't like.

Yeah I seen many crypto projects die. I mostly went the air drop route and hodl or done various experiments in my early crypto days, so even though I held tens of thousands in crypto at one time I didn't end up with a loss even as near everything failed or fell apart-and I seen just about every kind of scam or sorry excuse there was. I only sold one token that was air dropped-a dead project whose value remained stable and retained value for years only to sell it to buy steem for RCs. In checking on the price just now, even though it is a dead project, it still managed to more than double in price some 6 months later. So there does exist an instance where a dead tokenized project doesn't translate to death of a token-but death does seem to be the case 99+% of the time. But the death of steemit years ago also wouldn't translate to the death of steem because of other use cases and emerging use cases. The steem/hive chain was/is more robust than many of the token projects that emerged over the years.