Many people have posted about the exodus of the minnows, and the churn rate seems to really validate this point more than any story ever could. I have written an article about it and two solutions which could help https://steemit.com/steemit/@lpfaust/an-open-letter-to-the-steemit-powers-that-be

On the subject of the value of STEEM falling, another author@hisnameisollie had areally good fundamental analysis of STEEM and it appears to be falling because of what he calls the Push Pull effect https://steemit.com/steem-help/@hisnameisolllie/the-push-and-pull-effect-of-steem-power-incentives-why-the-of-steem-held-in-steem-power-will-tend-to-90-overtime

Pesonally I am on the fence right now. I am seriously hoping for some change before this trend becomes unfixable.