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@paulag The bot problem is pretty bad. I remember when I joined back in July 2016, and it was pretty bad even then. Steemit did not have a real registration review process, and each account was receiving the equivalent of like $7 USD in STEEM at signup when STEEM was valued at like $0.20 or so. People were registering hundreds and thousands of accounts, just to get the free STEEM. It was insane.

Now, it's much harder to do that, and accounts are created for different reasons. It would be cool if at some point we could see what the real churn rate is among active users, but who knows if that could ever be teased out.