The ship won't sink, but the freedom-flag it was flying has been burned (months ago):

How steemit became useless to freedom-fighters

It became a ship that flies nothing but a big dollar sign flag.

Freedom-fighters and whistle-blowers were forced out when #steemit decided to impose mobile number disclosure for account creation. Assuming Hive account@dan not the same person as Hive account@dantheman, I hope Hive account@dan goes on to create a freedom-respecting blockchain blogging tool (we need one).