STEEM: Whales Are Losing Their Power....The System Is Not Broken...QUARTERLY Report 3/31/2018
This is the first quarter end report that I am posting.
Special thanks to @arcange who runs these numbers everyday.
Now that we are at end of quarter, time to post the numbers again.
Here is the breakdown through December 31, 2017:
12/31/2017
The total MVests here is 401,943
On a percentage basis:
Whales 68.04%
Orcas 15.66%
Dolphins 9.27%
Minnows 4.53%
Red Fish .95%
Inactive 1.60%
3/31/2018
The total MVests here is 385,184.
On a percentage basis:
Whales 61.74%
Orcas 17.74%
Dolphins 11.44%
Minnows 5.84%
Red Fish 1.34%
Inactive 1.91%
The change over that time period is as such:
Whales -13.04%
Orcas +8.83%
Dolphins +18.25%
Minnows +23.54%
Red Fish +25.49%
Inactive +14.51%
12/31/2017
3/31/2018
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 December 31, 2017, the Whales and Orcas had 336,249 MVests (83.66% of the total); on March 31, 2018, 306,125 MVests (79.48% of the total)...a decrease of 4.99%.
The final thing that I wanted to mention is this number: 9,534.
That is the total number of people who are Minnow (around 500SP) or above.
My friends, that is called being an early adopter....
If you found this article informative, please give it an upvote and resteem.
To receive the free basic income tokens you are entitled to and help end world wide poverty, please click the following:
The bear market must have also helped, as a lot of minnows would have had the chance to accumulate more Steem at lower prices. And I'm sure some of the whales must have taken some profits as well, so it sort of balances out.
I wonder what you mean by "Inactive" when I see the number of "inactive" accounts increasing from ~400000 to almost double from december to march
I think I asked this question before but I forgot the answer (Sorry). Or perhaps it was unanswered last time (probably not, for as far as I know you, you always have a sublime answer).
I see a 35k decrease in MVests that the whales own. My assumption is that this decrease is caused by the fact the whales sold part of their SP (after powering down). Do you think that assumption is correct?
And even when it is not correct, then you can not pull the conclusion that the whales don't become richer. To do so you should take into account their possession of Steem together with the fiat money they earned for selling in the past quarter. Or doesn't this make sense?
So, I'm a dolphin, a one percenter in Steemit! That's the chance in a lifetime crypto provides for everyone, you can become part of the elite by investing small amounts each month on top coins. If you panic sell you lose though, back to the plebs haha.
You know what my strategy is: https://steemit.com/bitcoin/@cryptoeagle/discover-your-crypto-portfolio-score-and-back-it-up-with-latest-crypto-millionaire-updates
Can't wait to be an Orca (0.1 percenter) then hehe. regards Task!
Based upon the numbers, anyone with 500 SP or more is in the 1% of STEEM.
Now to get to the .1%, well that might take some work.....but the shift is happening.
seams like a lot have changed just a few weeks. a think the flag war did
something good. People realized is not a point on the war. its better to help the minnows to rise up lots of good projects out there to now to help minnows and most of the power is there in big numbers.
You have collected your daily Power Up! This post received an upvote worth of 0.16$.
Learn how to Power Up Smart here!
These number changes are significant for 3 months, I thought it was creeping towards evening out, but that is pretty quick changes actually
37 accounts control 61% of the power? Am I reading that right?
Inactive accounts went from 431348 to 729636? That's a 63% increase. Looks like a lot of people trying out the platform and walking away.
You read that correctly...
The distribution is still heavily tilted but it is improving...a bit move over 1 quarter....
The smaller accounts need to post...that is where the shift takes place....the whales simply cannot post enough to keep pace.
Minnow for life! :/
Yet another good analysis ... A quick question for you.
How do you feel about the current FUD. Any hope for btc?
The FUD is by design in my opinion, orchestrated by the banksters and shows how they are threatened. If it wasnt a threat to them, they would not even mention cryptocurrency.
BTC, I am optimistic on simply because of the name recognition and a "store of value". Plus, when things turn, it has the liquidity that Wall Street likes to get into.
Long term, a case could be made that other blockchains will pass it in terms of utility (steem being one of them in my view). However, there is a ton of development going on with Bitcoin so it will be a blockchain that is used.
How that all ties into pricing, well the market is its own animal...and does things regardless of what is taking place.
My suggestion is to watch the development on any blockchain...that is where the action is. A blockchain with lots of development is most likely going to have value down the road....one that doesnt, well that is either a scam coin or one that has good intentions, just will fail.
If I am not wrong. Does powering down the SP also result in decrease of vests? If yes, then the decrease percentage in vests is mostly due to powering down I guess because most of the whales do a lot of powering down as compared to minnows and other categories.