Nice analysis. My feeling already says for a pretty long time that Steemit is not really moving in a good direction. More or less 100 or say a maximum of 1,000 Steemians earn/have a notable amount. That is only 0.1% or maximum of 1% of the total active users.
@taskmaster4450 saus the influence of whales is decreasing. But I agree with what you stated, it's not significant. Also I believe their power is decreasing because they sell Steem and power down. I asked this several times to @taskmaster4450, but I don't think he answered my question.
What do you think, are the whales losing power because they are powering down on a regular basis?
Yeah, they are powering down fair amounts but it is also that some like myself are powering up too. Plus, there are other factors like with every sign up through steemit they are getting a delegation which I think is also factored in. so 100,000 sign ups is 1.5 million in delegation. That must have an effect too right?
It is hard to say precisely though but, I don't mind the whales powering out if the smaller fisher are powering up. Low price means more opportunity for them to earn more steem and combined with high SBD, buy in is pretty good if using earning here. Unfortunately, the vast majority aren't it seems.
You might be right about the effect of new users. They seem to lower the power from whales. But aa many of them become inactive they probably don't.