We are stable, which means that the number of people leaving are equivalent to the number of people joining. If it stays like this for too long, we end up with many more lapsed users than continuing, satisfied users. That would be a bad place to be in.
I also notice that when I zoom in on the graph, it seems the divergence between the blue and red lines began a week or two before dollarvigilante joined Steemit (4th August). Which would be shortly after the introduction of the new password policy (21st July).
on the second graph...
Not the divergence of the RED and BLUE in the first graph... perhaps I should have written that more clearly.
Agreed with your first comment:
very interesting!
all the steem power is leaving via bitcoin purchased from steem, and the new users all show up looking for a handout
You still stay here though. There must be something here keeping you from leaving.
I would also point out that we're still up from the lowest point with Steem, which was November 4th 2016, over 3 months ago. So since then, more money has come in than out. Doing that with an increased liquid supply as well, which makes the market cap less "artificial".
I am on week 2 of powering down 70k steem to make it liquid, because I can earn 100 times more steem trading than with curation rewards