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Do you know how it is getting recycled. To me the only way to do that is to give the newcomers 0.50 Steem when their account is approved. That would only make around 325K Steem. To me it looks like that 44+M Steem is staying idle. I'm not sure though.

To my understanding, the owners of Steemit utilize their accounts to generate the accounts of new people coming into the system. This has to be done on account that new accounts actually cost Steemit money to create new users.

For you and I, we can just go through steemconnect and create a new account and delegate power to it to create it instantly. Also works if we're trying to get a friend involved in Steemit to avoid/bypass that week long approval process.

I didn't know about steemconnect. Good to learn. Thank you for the information.