Couldn't "demise" be the wrong term in this situation?
Looking at things purely optimistically?

Steem costing near or under a dollar, ideally.. would be a good thing.. to me..

Now if I spend a decent bit of money on it, while it's cheap, I can get a good amount of money's worth out of it. Whereas when it's 3.. 4.. 6.. 20$ each.. I can get far less steem for my $.

Knowing it has potential to go back to at least 2$.. I'd say steem dropping like hotcakes would be very beneficial to the community as a whole. Money smart people would have only ever had what they could afford to lose in steem and it would've been a fraction of their total income/available money at any given time.. and they'd be secure in their lives outside of steemit and not depending on an ultimately unreliable earning. (Things can happen in an instant and change your fate on posting platforms.)

Although I agree that it's up to each party to decide what they want to do, I also believe that steem/sbd price dropping very low, is beneficial to everyone who's been holding out so they can have a bigger say, a bigger bang for their buck, if you will, in the fight that currently is, freedom of speech vs. those looking to abuse bots vs. the stifling of content.... Idk, it's an all out brawl on here from what I can tell.

Peace to you all though, I wish you all the best. I use Hive account@therealwolf's service for vote selling because when I did my research, I saw he was truly making steps to cut the abuse, as have my friends. However large or small the part, the abuse needs to stop. There needs to be much better quality content being promoted and a lot less of the bs. We have a platform to represent here.. What type of society do we want to be? What type of wealth, in both money and intellectual value.. do we want to have here?

Just some thoughts. :)