Blockchain overall will in certain markets but will fail in other markets! But it is hard to tell which ones will be conquered.
Would be great if Steem could be the foundation blockchain for social media dapps. But because it is open source it is easy to copy. Look at all the steem clones out there!
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Yep, I see them all. I am an active poster on whaleshares for example. But, I also see a lot of people buying and powering up steem right now... you included by what you're saying in this post. Even if steem doesn't win out 'google/fbook' style, it has at least one more surge in use in my opinion. Meaning surge in value also. Just as crypto currencies aren't dead, I would say that steem isn't dead either. Only time will tell :)