The slow death of Ethereum and the rise of Steemit imminent?

So today Steem was listed on Poloniex, BIG NEWS! Ethereum is in the middle of a hard fork tomorrow. Whatever happens tomorrow will significantly affect the future of Ethereum, whether it's going to succeed or not. Personally, my prayer for Ethereum is that, at the very least, the hard fork goes well tomorrow, otherwise if DAO token holders do not get their refund, I think it's going to be a big blow for them and in my opinion, factor to their downfall. I personally don't think Ethereum will fall to the core. They're a great organization and have a lot coming up. Devcon 3 is coming up, Switching to proof of stake is imminent as well, many dapps to emerge, I'm very sure Vitalik and his team have a lot up their sleeves and lined up. 

I must say they've done well so far to remain number 2 even with the DAO hack. Although one can argue that the DAO hack wasn't necessarily their fault, they were directly attached to it and had to intervene somehow to save both of them. Here's the thing, Steemit is here and it's come at the wrong time for Ethereum. At the time when Steemit gained over 300% last week in price, record breaking new members, massive payout, exciting social networking website promising lots of new and exciting features, Ethereum was in a hard fork debate. It's good news for Ehereum that the hard fork has been voted on. But even when this has happened, there's no guarantee that it will go through, although so far, it's looking good.

If it doesn't, i think it will be the beginning of the end for Ethereum although, like i said, they won't crash to the core. The lowest Ethereum will fall in the ranking in my opinion is 4th. The highest is going to alternate between 2nd and 3rd and as to whether they go any further and stay there for good, depends on them. Steemit is looking good, even with their recent hack, which i think they handled exceptionally, they're looking very healthy, they've already reimbursed those who lost their earnings and it was very swift. I understand that to get a refund for DAO token holders is not that straightforward so there's that. I think the Eth Team has done well but whether or not we're going to see the Ethereum foundation continue their domination will significantly depend on tomorrow when the hard fork is about to go through. I love this very interesting world of crypto. Let me know what you think. 

Thanks for reading and Happy Steeming everyone!

#steemit #ethereum #hardfork #rise #death

Picture source - https://cointelegraph.com