I coined a term about a year ago, SID (Steemit Induced Depression). At the time, I told people I was half-joking. As time went on, the ratio of humor to seriousness has steadily declined.
Repeated failure causes our brains to create negative associations with the source of the failure and, at some point, begins secreting neurotransmitters in an effort to generate "avoidance behavior." It's a defense mechanism: Avoid that which causes pain.
Oblivious to anything other than their own self-interests, the Whales, Witnesses and Dev's (and subsequently Justin Sun) spent years thrashing about like bulls in a china shop. The number of active users plummeted but no matter ... all that was required was endless chest-thumping and a handful of pithy platitudes.
A bunch of snot-nosed Millennials, whose only identifiable skill was/is writing code, nevertheless knew it all. Highly predictable human behavior was therefore ignored in the name of the Revolution.
In the normal world, coders work for non-coders, specialists for generalists. CEO's are rarely the best at performing any of the myriad of skills necessary for their organizations to survive. It's as if the universe understands that complex systems require a conductor who can stand above the fray and balance the inputs of the various instruments in an orchestra.
Unless and until these blockchains obtain some pragmatic, non-ideological leadership, we're just re-arranging the deckchairs.
Quill
P.S. As of this writing, HIVE is trading at $0.12 having lost up to half it's value in the last 24 hours. Almost all the other cryptos are up substantially. The cause of the sell-off is, at the moment, undetermined but I'd wager it has something to do with the ongoing war between Justin Sun and the exiting Hive Whales, Witnesses and Dev's who are doing everything possible to poison each other's well.