No he's not. How have things been going with Busy.org? What about the other so called projects running on the Steemit blockchain? I can't name any of them because no one uses them. No one uses them because if they want to use a STEEM-based application, they will use steem. Do you use Facebook? Firefox? Opera? Why would you use some weird third-party app made by some unknown coder when the real thing is readily available at the official home page?
People want standalone projects. When I hear announcements about new "projects" and apps and then find out that apparently they're running on the steem blockchain and thus aren't new projects at all, I simply stop reading and forget about them.
This on the other hand I got excited about since it's their own team, their own currency, their own plans and ideas. I tried DTube, but I realized it's the same thing as steemit on a different website which to be is just a form of additional marketing for steem. That is, it's still the same guys and authors being at the top, because it's steemit! Get it? There's little to zero difference.
Hey, if you want more advertising for steemit, then go do that. What I fail to fathom is why youre viewing new projects negatively. If you are that worried about steemit that when a big steem whale does a new project, you claim he's "lost faith in steem", then I think it would be a good idea to register another 10 websites that run on the steem blockchain that no one will use, but who perhaps will attract a couple dozen more people to use the ACTUAL steemit website which everyone uses.