I'm afraid the anwser to that question is 'yes'.
Even I am losing my faith atm... :0(

I think the main problem is still thefact that STINC is dumping alot of Steem. So are a lot of witnesses. Some say that's to cover the costs of running a node, but I'm not so sure about that.

However, I don't know enough about economics to really say what's going on.
What I do know is that all these new developments have not succeeded in polishing the image this blockchain has (yet).
And after HF21, that image won't get any better.
Only a miracle could save us from a flood of stupid downvote wars.

Also, if you thought SteemIt was user-unfriendly and almost too much to digest when you started out, imagine being new to the platform these days...

Before I went on holiday, I had lost all faith and was convinced that - no matter all the cool developments - Steem had become a lost case. I came back with renewed energy, but only 5 days have past since, and I feel the doubt creeping up on me again....

As for the dapps and tokens... I find myself buying Steem because of them, not selling it. Maybe I'm the only one doing so???