The crushing of Steemit

I can't believe the big steemit holders ( hopefully not the developers) but I suspect they are the ones, ran this platform to ground. Killed the momentum and now it's right back to where it started from. Market momentum=platform momentum. I don't know why they didn't just hardforked and moved on. Those who bought and held onto steem power lost 90% of it's value. That sucks!!!!!