Thoth transparency: 4 weeks later
About four weeks ago, I posted Thoth Transparency: More details from Thoth beneficiary rewards in order to start getting a feeling about the overall distribution of blockchain beneficiary rewards that are being distributed after Thoth's posting.
During the weeks in between, I've been done some work on improving the PowerBI visualizations, and I thought today would be a good time to post an update.
Keep these points in mind for all of the following tables and visuals:
* Note1: The SP + STEEM/SBD estimate is not accurate before about August, when Thoth was submitting posts with 100% powerup settings. This means that the all-time estimates for (STEEM + SP) are probably a bit too low (and this estimate will stop working if SBDs ever start printing again).
* Note 2: If a beneficiary is both an author and a delegator, they are reported as a delegator. I don't have any way to distinguish those beneficiary types on a per-post basis right now.
* Note 3: If a delegator withdraws the delegation, they would still be scored as a delegator in future reporting. Also, new delegations would cause old beneficiary rewards to be recategorized in future reporting as rewards to delegators. At this time, I don't have a way to link the time of the delegation and the time of the post/reward.
* Note 4: The drop from 17 delegators to 10 in the all-time vs. 30 day reporting is almost entirely because of changes that I made to handling of my own test account delegations.
Here is a summary table with estimates:
| All time | 30 days | |
|---|---|---|
| Total beneficiary payouts (STEEM * 2 ) | 1641 STEEM | 571 STEEM |
| Burned beneficiary rewards ( STEEM * 2 ) | 432 STEEM | 142 STEEM |
| Author beneficiary rewards ( STEEM * 2 ) | 644 STEEM | 213 STEEM |
| Delegator beneficiary rewards ( STEEM * 2 ) | 564 STEEM | 215 STEEM |
| Number of unique non-delegating author beneficiaries | 653 | 175 |
| Number of unique delegator beneficiaries | 17 | 10 |
And here are the PowerBI visuals
All rewards / all time
All rewards / 30 days
Non-delegating authors / all time
Non-delegating authors / 30 days
Delegators / all time
Delegators / 30 days
Details about beneficiary rewards to the top-30 authors (by count)
Details about beneficiary rewards to delegators
I am grateful to the authors who put the original content out there so that Thoth can highlight it, and to the delegators and voters who are helping Thoth to prove this concept and create the possibility for a #lifetime-rewards stream for Steem's creative authors.
From this experiment, it appears to me that we are seeing clearly that it is possible to align the incentives of investors and authors in a way that has the potential to:
- Support creativity on the blockchain;
- Spur value growth for the Steem ecosystem;
- Let bot operators provide a fully passive reward stream to their delegators - straight from the blockchain without a need for intermediary payments;
- Showcase Steem as an appealing and uniquely suited platform for AI development; -AND-
- Provide readers and curators with a new and useful way for discovering genuine organic content and content producers on the blockchain.
You can follow the @thoth.test account to support the experiment. You can review and download the Open Source code in Thoth's github site.
Overall, I'm happy to see the delegators' blockchain payouts starting to order themselves by the amount of delegation. This is what I'd been expecting, but it's nice to see it turning out that way in practice.
It should be noted that there is no guaranteed rate of return for delegators. Because there are only 8 beneficiary slots per post/reply, delegator accounts are selected randomly for inclusion in each post/reply with odds determined by the delegation amounts. The payout on each post/reply is determined by the blockchain consensus. (i.e. past performance does not guarantee future results.)
You can view my projects, here.