Nothing is dead, to be honest. The only thing which worries me regarding STEEM is its dependency with the BTC price. Once STEEM finds its unique position in the crypto-world, we can rejoice. By the unique position I mean this:

• STEEM saturating to a steady intrinsic value (which may or may not happen. There is always space for speculations in the market)
• STEEM being judged on the basis of the content it generates. And thereby breaking away from the BTC craze! The value STEEM must depend on the content it offers. Which indirectly means there must be great communities and dapps running in this ecosystem.