I don't think people pay that much attention to KE. Of course it's an indicator, but it doesn't tell everything about the account. After all, I might be creating value for Hive even if I'm doing Power Down.
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Now that it's on everyone's blog, I think people are at least looking at it. Maybe most won't use it to curate, but it is indeed an indicator that some are using to judge.
Let's see what happens within the next few weeks or months.
I think you are right. People seem to give it more meaning than it should have. We will see together in a few weeks.