I think we're far from dead... and I think we've been going through a bit of sorting process for the last few months, where the dedicated are being sorted from the "fairweather players."

If Steem suddenly pops back up to $5 there is now more of a defined "core" of users, and we have a little more experience... I'd like to think we now have the wisdom to "laser focus" on the returnees and new users during the next upturn, and accurately throw support at those who seem likely to be long term contributors... and not as much at those just looking to harvest a quick free handout.