I last reported the numbers in a post that covered through February 15, 2018.
Special thanks tho @arcange who runs these numbers everyday.
Now that we are at mid-month, time to post the numbers again.
Here is the breakdown through February 28th:
2/28/2018
The total MVests here is 379,772.
On a percentage basis:
Whales 62.55%
Orcas 17.68%
Dolphins 11.02%
Minnows 5.58%
Red Fish 1.36%
Inactive 1.81%
3/15/2018
The total MVests here is 383,116.
On a percentage basis:
Whales 61.89%
Orcas 17.90%
Dolphins 11.35%
Minnows 5.65%
Red Fish 1.34%
Inactive 1.86%
The change over that time period is as such:
Whales -.17%
Orcas +2.15%
Dolphins +3.88%
Minnows +2.07%
Red Fish +0.0%
Inactive +3.58%
2/28/2018
3/15/2018
So what does this all tell us.
To start: THE SYSTEM IS WORKING AS IT IS DESIGNED!!!!
The rich are not getting richer. In fact, more of the pie is going to the smaller accounts.
On February 28th, the Whales and Orcas had 304,679 MVests (80.23% of the total); on March 15, 2018, 305,710 MVests (79.79% of the total)...a decrease of .55%.
The final thing that I wanted to mention is this number: 9288
That is the total number of people who are Minnow (around 500SP) or above.
My friends, that is called being an early adopter....
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This is a very transparent and useful way of monitoring the distribution of power. Good to see it moving in this direction. Crazy that less than 10,000 accounts have over 500 SP. That really puts things in perspective! Thanks for the post!
Yeah. I started this process in January @brettcalloway and it holds true each time I do it.
I agree, I am shocked that less 10K accounts have 500 SP or more. What is equally amazing is that we are still 800 or so away from reaching that level.
All who are on here and active are early adopters.
Hooray!!! :)
I read through the comments and see that you have been doing this since January and it is certainly a continuing trend; that's more good news. Also, I've never looked too closely at what amount of SP distinguishes the different levels and I saw that somewhere in here to:) Good to know! Thanks to people like @abh12345 and @hitmeasap for their kind donations, this plankton is getting closer to being a minnow everyday!
So glad I've persevered! Besides the fact that I hate quitting anything, people like yourself that always find the silver lining or simply explain the numbers, have always given me a little push when I may have felt a little discouraged...so for that, thank you @taskmaster4450. And of course, thanks to @arcange for provided the data for you to use so wisely ;)
Happy Friday :) Cheers!
The reward pool is now more competitive than in the pass so the whales will definitely earn less. Yet 1-3% growth for minnows and red fishes are drops in a bucket. But still growth is growth so steemit making progress. Thanks.
That is true the growth is a drop in the bucket...
Yet this is a two week growth rate...put that out over a year and it is a great growth rate.
Plus, I believe you will only see the rate accelerate as compared to the larger accounts as more people join this blockchain and get active. The Whales simply will be overwhelmed with content created, which pays out 75% in the daily reward pool.
Imagine how these numbers might look when there are 500K posting daily on this blockchain,.
The biggest whales who upvote their own posts I wonder what their growth rates are. Although the overall stats shows it is working it really does not show the whole picture. Even with 500k posts a day I doubt the whales who have their posts on Trending and Hot will stop. Apologies if that sound negative, I am just saying what I see. Thanks.
They wont stop what they are doing, but the reward pool is split based upon the number of votes applied to all posts. As I said, they can have the trending page, like they do now, but they are not getting more power, they are getting weaker.
The numbers going back a year state that. The Whales and Orcas, a year ago, had over 90% of all the SP...now they dropped under 80%.
It is a trend that is moving at an accelerating rate.
Its refreshing to see this detailed monitoring being made. Keep it up!
Am sure some whales reading this analysis won't like the fact that they are losing their power on a daily, weekly and monthly basis. But this analysis makes me happy coz I can see it paving way for minnows to rise and that's really good...keep this coming to motivate us. Thanks
I dont think they are upset by it. In fact, it is one of the things that has to be tended to according to the Weiss rankings. They mentioned that the distribution of the token in the hands of a few could be a problem if it did not get straightened out.
It is being worked out.
The system is designed to do this. Since 75% of the reward pool goes to authors, it simply is impossible for the Whales to get enough of the pie to keep pace on a percentage basis. As more people join and get active, collectively, they take a larger portion of the daily reward pool. This, over time, will level the numbers out.
I started doing this in January, and each update tells the same story....the smaller accounts, as a whole, grow faster than the larger ones. In other words, more of the reward pool is going to them.
I'm so glad to read this and will keep following your report. I watch @penguinpablo and @arcange reports when I see them and I feel discouraged at the low numbers of minnows succeeding, but you have a different angle on it and this helps me feel better.
I have gotten a few people to get on steemit in 8 months here - maybe 15. Only a couple are still trying and a couple are very negative and gone. The rest - I do not know about, but they stopped posting after a short time. The barriers to entry are so high and the learning curve is so steep - at least if the rewards go up for the little guys a bit - that will help.
Steemit is a very tough interface to learn.
I believe we are going to have more success bringing people over via Zappl and D.Tube. These have a much lower learning curve.
But yes people do get discouraged especially when they do not make money quickly. This is compounded when the price of STEEM goes way down and there is nothing but FUD.
Sadly, those people will live to regret their decision. I believe many of the people who come on here will be back. There are a number I talk to who have accounts yet do not post...in over a year. When STEEM takes off, these people will realize the opportunity they missed.
As we keep charging ahead, and grow our accounts, we will benefit greatly. The price of STEEM will take off at some point. Until then, we just need to keep doing what we always do..post, comment, upvote.
yeah right bro we should keep patience our time will come
How high do you see the price of one steem being worth in, say, three years?
Considering I forecast $10 STEEM by St Pats Day, I might not be the best at it.
I still hold that we will see $100 STEEM by the end of the year if SMTs are released by July 1.
Let's hope so. SMTs could be a gamechanger! Love your posts, always very informative.
Great post sir and thanks for sharing
Wow thats a good information.. i didnt know about it
cheers
@taskmaster4450, what is the MV threshold you are using for the different levels?
I didnt set up the graphs..@arcange did...
But it think it is 500, 5K, 50K, 500K..
That looks about right! Proud Minnow here :)
And working your way towards Dolphin.
All information about users classification, as defined by @steemitboard, available here
All information about users classification, as defined by @steemitboard, available here
Great update! Just got over the Minnow level so I am excited. As Steem prices continue to be weak, it provides great opportunities for those with dedicated vision of the future of the platform to move up in the tanks. Where do Dolphins come in at in terms of SP levels?
5K SP.
Congrats on getting to the Minnow level. You are one who adjusted the numbers on the chart...you moved out of the Red Fish category.
Each SP you gain now will grow the Minnow total...
All information about users classification, as defined by @steemitboard, available here
All information about users classification, as defined by @steemitboard, available here
That means that the whales are losing their power little by little, obviously it is also due to the lowering of the steem, example previously I used @upme as a bot, always inverted 3 sdl and I returned 7.3 sdl in vote recently I used it again inverti 3 sdl and I only return 4.8 sdl in vote .. I had lost with the investment
Actually they are losing power because of the way the system is set up. It has nothing to do with the price of STEEM since that is listed in dollars and the power is set in MVests.
75% of the reward pool goes to authors. I simply maintain that the Whales cannot post enough content to keep pace, on a percentage basis, as more people come onto the platform. The amount of posts simply becomes overwhelming. Hence, the newer people take a greater percentage of the pie collectively.
This allows the smaller levels to grow at a greater rate (as a whole).
Now if I understand what you wanted to publish, it is better explained here, the more users enter the whales lose power
Exactly. It was easy for them to grow at a much faster pace when there were 800 daily users on here...now that there are 60K per day, it slows their growth down. When there are 500K daily users on here, it will be even more noticeable.
Of course, this is not pointing to individual accounts, just collectively. The Whales do not have as much influence when there are more people participating.
Every upvote your receive puts SP in your account.
And remember, all these numbers are based upon SP.
I understand ... although I never see whale publications, because there are many publications that are not interesting .. and because they do not take the trouble to read our comments ... they think of themselves, but they do not try to help to other minnows ..
Thanks for the post.
Still being relatively new to the platform, this is relieving to see with statistics. This seems to continue to push the idea of quality curation through the community.
A big thank you to you @taskmaster4450 and to @arcange for parsing all this information into helpful visuals and then providing your interruption of the numbers for consideration.
I see this as putting "power" into the hands of the people.
interesting! how do are we categorized? based on the range of SP?
500 Minnow
5K Dolphin
50K Orca
500K Whale
okay.. i'm Plankton. I get it now thanks! :'D
Booya, that's what I like to see, hopefully this rate keeps up or increases as more people join, because the perception is that the wealth disparity is only increasing as whales vote themselves. I think we need more sitewide emphasis on the changes being made like in this post here. It will motivate people or at least put them at ease
Yes and the perception is wrong.
I think @jakeybrown, that the rate can only increase as more daily active users sign on. When taking the reward pool as a whole, the more articles up, the less each article will earn since upvotes are spread around. Collectively, this will make the smaller users in terms of SP (who have greater numbers) taking a larger piece of the pool each day.
With 60K daily active users, the Whales percentage is much less than when it was 800 users. Imagine how it will look with 500K daily posters....
This is where I believe we are heading.
Each SP that goes into a Dolphin, Minnow, or Red Fish, means that account is growing. Plus, 1 SP in an account of 100 just grew it at 1%. Hence the percentages can grow very quickly.
yea, mass adoption can't come quick enough, I think we are going to need to lower the difficulty in getting started here before we see it. This is complex for most people, and when they don't already have friends and are unsure about crypto it's hard to get people here and staying, I'm 1/5 on retaining people and that 1 is my dad haha, friends have posted once or twice then stopped
It’s strange that the number of red fish accounts dropped over the last week. Maybe some inactive red fish became dead fish?
LOL I have no idea since I do not know how @arcange derives the Inactive Accounts from. He posts them on the number of daily sign ups...so I have no idea what the parameters are for that classification.
And I was surprised to see such a big drop. It does fluctuate greatly.
I feel that a decent percentage of the inactives will end up coming back at some point when we get further down the road. Frustration tends to set in easily.
Plus, they have SP in their accounts according to the stats. If the price reaches $40-$50, some of those people might realize they have a few dollars in their accounts.
All information about users classification, as defined by @steemitboard, available here
Hi @arcange
Do you use Vests owned, or do delegations/leases count too?
Cheers!
On behalf of the Red Fish and Minnows we are extremely happy lol. Stacking on steem real soon since it's dropping like crazy!
Whales are losing power or powering down? :/
How does the inactive go up? Looks like the dolphins had the best increase..
I cant answer that @davedickeyyall since I have no idea what parameters make on an inactive.
The Dolphins did have the best jump. The Minnows did fairly well the last couple of weeks.
Another great post. Thank you for this analysis. It is really fascinating to see the break down and movement of "power" distribution.
How is it possible that the total amount of M-vests from whales is going down? Does that mean they powered some down?
If so, this could mean they become slightly, very slightly less powerful, but at the same time they could be earning big time?
I still regret that I wasn't one of the first people to start with Steemit. As 36 whales now have an average account value of at least $9.181.128 😳😁
Unfortunately red fish didn't show any improvements and they should be the ones with the biggest growth I think.
The "middle class" is getting stronger and that is great though.
As the whales power decreases so are the number of inactive accounts, seems alot of people are giving up also, and those who hang on are moving up. Congratulations to the new minnows. SteemOn!
So close! I'm only a few SP away from being officially a...Minnow :)
It's weird the goals we set for ourselves in life lol This was one of mine, to set myself up for long term here on Steem.
Slow and steady, continue to grow. Interesting numbers though, I'd still love to see more adoption but that's coming with time. People are asking me about Steem all the time....Love pointing them to this community!
Long term, there is no better place to be :)
Over the months, we have seen the Whales start losing power. It's good that not one group will have too much power. It is important for Minnows and Red Fish to have the most power, because that is where most of the people are. It sucks that there is almost 100k more inactive accounts, but I guess that can be expected.
Yes, go little guys. Theres also some nice whales that I love. So system is not broken at all.
Thanks for the quick update Task. I just keep on chugging along. What comes after plankton? 😂