Excellent data, and the chart makes it clear. This is the most responsive reply to Acid's post, and it should draw far greater engagement here, and there, than it is. However, there are reasons that Hive is not growing, and the price of Hive is a symptom of that, not a cause. Hive management is quite aware of the issue, and is the cause of the problem: centralization of stake. A bare majority of stake has existed in ~36 accounts since the advent of the platform in 2016, and that oligarchy has maintained that majority of stake ever since. Having a majority of stake enabled unitary control of governance by controlling the consensus witnesses, whom in turn run the code that enables that oligarchy to capture 99% of rewards, maintaining their bare majority of stake and the virtually exclusive power to profit from Hive. Decentralization threatens their control, so new users must be ejected from the platform, which is revealed in your chart in 2018. I'm surprised Acid posted about it. Perhaps the post is bait to find people like me...
You can see that in 2017 many new accounts onboarded, and most of them were gone by the end of 2018. This is a result of stakeholders that control Hive by virtue of their majority of stake and thereby manage the platform in order to capture almost all the inflation issuing from the rewards pool. Content creators today capture ~10% of rewards, and Whales capture ~99% of rewards. Two looming issues present existential problems present Hive management cannot resolve. One, they are faced with AI basically taking over all Hive rewards. However the oligarchy is provided a stream of free accounts based on the weight of their stake, and I know at least one consensus witness had >10k accounts years ago, so it's likely that the oligarchy has hundreds of thousands of idle accounts they can power up at any time to use AI to extract rewards from the pool. They can essentially turn Hive into a bot farm that preys on new onboards for income. Two, KYC internet will eliminate free speech, on Hive just as it will everywhere else. They could resist that by decentralizing stake and enabling the platform to be resilient to attacks from any one jurisdiction, but as the world is actually ruled by a covert group behind all governments that can impose policies on all governments at once, which we observed during 2021 as all governments adopted identical and completely unreasonable masking, early treatment bans, and jab policies, and as we are observing today with the simultaneous rollout of KYC internet and biometric ID globally. A coordinated international policy can overcome decentralization, and the Hive oligarchy has no means of preventing that. More importantly, they will only lose money attempting to prevent it, so they will simply let Hive die and move on when KYC eliminates the market for Hive.
Thanks!