No, not really.
Just because the STEEM price may be going down right now, doesn't mean that Steemit is dying. Steemit is still a relatively new platform, and we should really give it some time.
I agree with implementation is a bit lousy, and most people write for money and power for this site instead of for the joy of it, as well as the fact that a girl with huge boobs earn way more than actual, legit bloggers. However, this can be changed.
Steemit is still thriving and more and more people are joining it. Steemit has the POTENTIAL to be great. We just need to realise this potential.