I 100% meant Steemit each time I used the term. I'm referring not to Steemit Inc., but the blockchain we're on.

And the reason "Steem" is the misleading is exactly what you mentioned, people can hold Steem elsewhere. This is only about SP. SP is equivalent to the Steemit value, as it is currently held.

Selling Steem is definitely part of the system. But as a whole, when people are selling more than they are buying, especially the big players, it shows a lack of belief in the ecosystem. So yes, we're disagreeing on what the numbers are saying. If someone comes in and buys 500 SP, that's great. It doesn't really matter where it came from.

Except, the whales are disappearing. They're making a vote of no-confidence. And the rate of new accounts coming, and how fast they're growing? I disagree that it's a good one.

(And yes, I mistyped Whales by accident early on. Fixed!)