I think most projects indeed will fail,or the less negative approach is they wont make it. Just because of the hype factor. People dive in with enthousiasm the first,seeing oppertunities. But often not with good funded arguments..short term investing amd ideas... nevertheless its fun though. If i look at projects on steem blockchain,for short term ideal but for long term less interesting.... not all btw I think Steemit will survive because it has a great potential with all kinds of people and with a great vision...