Dear @enforcer48

Great chocie of topic buddy.

Are whales cashing out at an alarming rate? Is there even a future for Steem? Is it too late?

Im mostly worried about the fact that Steemit Inc is dumping large amount of steem every month (supposedly 800k) to cover some of their operating expenses. Pushing costs on US.

At the same time their revenues from ads are absolutely not benefiting STEEM blockchain and are being "kept" by them. That's just such an unhealthy business model, which is crushing trust of many.

As long as they will continue doing so, then price of steem will only have one direction. I can hardly imagine that entire community would be able to create monthly demand of 800k steem to balance it out.

How will the tribes survive without the value of Steem backing them up?

Very good question. Tribes tokens are already having it's own inflation and selling pressure is high. On top of that price of STEEM is going down non stop. It's going to be difficult for any of those tribes to survive if it continues.

For me, I will stick around to witness the drama of HF21 before deciding whether I want to ditch the place.

Please don't! I hope you will stick around. If not because of rewards, then simply because of community and valuable people.

Enjoy your monday :)
Cheers, Piotr