It may not die but its turning in something else for sure .... we will se how it goes and will the once in charge acctualy do something about ... it is more then a month Steemit Inc was both ... not much happen in terms of any progress at all
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I believe the whole situation must settle down over time. Some people will power down and sell, some won't. I'd give 3 months to work things out.
It is unknown what Justin S. has in mind.
My bet is:
After he establish full centralisation and hoard more tokens, he will introduce his version of Steem to mass adoption in China?
Would be crazy, but plausable.
Yeah, me and my wishfull thinking :)
It may end up a more chinize version yes.