Is Steem dying and HF21 is the death blow for Steem? HF21 can raise PAL's price against Steem!

Probably no.

However Steemit will become a website where elites or certain group will thrive. Most of the users will move to other DApps according to their needs.

However, EIP in HF21 is a bad decision. The timing cannot be worse. Steem is already in bear mood compared to other cryptos. STINC is creating FUD among many users as reflected by the price. Their focus should have been SMT and marketing not EIP.

Who runs STINC who have very little knowledge about how market works or users think.

Price of an asset is always depend on supply and demand. BTC and LTC are having great time on upcoming halving that will reduce the reward to half. On the other hand, at low demand, Steem are sold as usual or more. Mostly insiders (i.e. old Steemians) are buying. HF21 will make it difficult for newcomers. Moreover, STINC is not creating any demand by taking popular decisions (e.g. burn few millions, airdrop on coinbase earn project, or delegating to popular dapps such as @actifit, @steemhunt, @dlike to inspire their users) or spending millions on marketing to attract new users, investors, or developers.

Why such a controversial attempt now that creates uncertainty? One witness lamely argued that price is going down. Let's try something different to improve it. Here we are, EIP is drowning it further by creating more controversy rather than helping it to recover.

Outcome of EIP could be good or bad. It will take time to effect. But it may piss off a big number of people who may quite and dump their Steem.

What happens to curators who vote for lower valued post less than 16 Steem. Will they earn less too since the post earned less? Then curators will avoid small valued posts at any cost. It will be disaster for minnows or less known authors. Very few curators will search gems and vote for it.

It will create a big circle jerks where few people will vote for each other who can earn above 16 Steem.

It will not wipe out bidbots. They will evolve. They will take larger votes since 16 Steem is the threshold. They will return curation profit to delegators. If someone's post is downvoted due to the use of bots, then bot owner will retaliate with his large downvote pool.

Wars will become easy with new, free, more powerful weapons. Earlier nobody cares about posts goes to trending by bidbots. If trending is the issue, STINC should find something interesting to solve trending algorithom.

However, minnows can sell their Steem for PAL/other TOKENs and move to @palnet/other DApp which are much fairer system than Steemit will become.

Moreover, EIP will affect posters in other DApp such as @steemhunt, @actifit, @dlike since their post will now earn 45% less. However, they will also be rewarded tokens from the DApp itself.

I personally think Steem should be removed for reward pool and should become backbone token. Let's SMT/SCOT play with all sort of reward distribution algo experimentations. @palnet is already becoming a success story. Steem Investors can delegate SP/RC to projects such as @palnet, @steemhunt, @actifit, @dlike or others who need SP/RC delegation. I believe Steem should be backbone currency rather than concerning about contents. SMTs/DApps will figure it out.

Steem's supply (8.2% inflation), HF21 and lack of marketing is trumping its demand. If it had a 2-3% inflation, it would easily sit in top 30 in CMC rank..

At end of the day people will move to other DApp where their needs will be fulfilled. @palnet could be a good alternative for minnows.

Again, EIP is an absolute untimely and unprofessional deployment. Probably STINC also get swayed by the VOICE launch. @vandeberg, @andrarchy and @steemitblog, VOICE is a TOKEN, launch a STINC SMT/token and experiment with any kind of EIP. You guys should focus on SMTs. Let DApps frontend to develop the best reward distribution algo for themselves according to their needs.

@palnet, @actifit, @steemhunt, @dlike, @partiko and others are already experimenting with token/reward distribution. Reduce Steem's inflation for reward allocation with an SMT in Steemit. Due to low inflation, Steem's price can easily go to moon.

@steemit, please also hire a marketing professional from EOS, TRON or CARDANO to appreciate your coin's price, then you have to sell less Steem. Collaborate with Coinbase to add Steem and airdrop 10M steem (i.e. a kind of burning process). Delegate more Steem to aspiring DApps.

EIP will arrive not through Steem/Steemit but DApps according to their needs . You guys should not dictate how Steem should be distributed through your DApp Steemit. Steemit is just a front-end, let gives room to others and focus on marketing, protocols, selling less Steem (i.e. other income source).