Yep. That's the general feeling now. It doesn't make sense to put any effort in posting, if you know you are not a whale with thousands of followers.
This is going to make a lot of people leave and the ones of us who stay are lowering their quality standards.
This HF is a shot to the foot.
Making the whales earn more at the expense of everyone else is not going to make Steem get adopted, it is going to turn it into a graveyard... or at most, a low quality blogging platform.
More, since many people I was following are posting less and less, I'll probably get to a point where I don't need any more Steem to support others... so I'll probably starting to cash out, for the first time ever.
You echo the feelings of others who may have grown largely organically and now seriously considering powering down. Thing is, one can power down without immediately selling - can park those funds in tokens such as MAPR and then cash out if and when STEEM prices come off the floor.
But, yes, one week later and I see activity continuing to fall.