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I think it's a lot of factors all at the same time. One of the failings of #hardfork19 was the increase in minnow voting power without giving them the sliding scale for % of vote. This cut the number of upvotes down by a % that I'm not sure of, I felt a large change after the fork.

By voting less, I think it disengaged the population greatly. If you are out of votes, you will likely stop reading and commenting, for you don't plan on upvoting any more posts that day. People's strategies were changed by the HF in a decidedly negative fashion.

Noticeably so, I have people that engage but cant vote and I'm atleast thankful for that. They probably save their upvotes for their whale or dolphin steemians for reciprocation. I cant lie though, i enjoy having more "power".

The power is nice and the HF bonus payout gave me enough SP to get the sliding scale, so it doesn't affect me the way it does smaller fish. I think the threshold to get the slider should be lowered to 100SP, so people would have some greater control. I like setting my strength to 30-40% and I can give out dimes all day.