Looking at the charts on https://steemle.com/charts.php

My go to chart is new accounts created daily

http://i.imgur.com/VTJEVLp.png

and on this front things look good, the number of new users are growing.

But, if you look at the daily usage figures, votes, posts, replies and edits are down across the board. 

http://i.imgur.com/HxVYXZF.png

This can mean a few things

## New users are not engaging

I am not sure I think this is the case but if it it is let's have a look why that might be the case.

* Unable to gain traction with their early posts so they give up.

Combine this with, earlier users also getting frustrated at lack of progress, and it could explain the falls in participation.

* Unable to power up due to unfamiliarity with cryptocurrencies

I feel to solve this we need to be able to explain the advantages of powering up to new users and add a credit card to steem power functionality into the site.

## Multiaccounting 

To sign up to Steemit you are required to sign in via social media to prevent people setting up new accounts for the free steem they are prefunded with.  But I have seen many posts in which people casually mention multiaccounting more than 2 accounts.  Multiple accounts could be used to accumulate free SP or manipulate the n<sup>2</sup> system.

## Old users leaving

Similar to new users there could be a number of users getting frustrated at not succeeding.  

# Conclusion

If Steemit is being exploited through multiaccounting I hope, and believe, solutions can be found in what is still a new industry.  While if the problem is users leaving, I firmly believe that everyone has valuable information and inputs into... something.  If Steemit grows, the selection of topics will increase in their quantity and quality, these users will find their niches, the question is will Steemit continue to grow because on the basises of these graphs, it looks worrisome.