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RE: The Epitome Of Crypto: 51M SP In Non-Whale Accounts Over The Past 19 Months
And you can see every month the transfer speeds up. For anybody following every month you can see the whales losing power as they sell and we all power up. It will still take a while bit in 6 months that gap will close a lot more.
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I agree wholeheartedly. The next step is for the Whales total share of SP to drop below 50%.
We could see that happen in the next few months if the pace keeps up.
I think its not that far away. A big factor has been the rise of the different apps which spread the votes around to so many different accounts. Before them all of the vp was in the hands of a few people and they kept it to themselves for the most part. Now even the smallest account cam start to earn from day 1 through actifit or steemhunt.
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That is a very good point. You have some large accounts delegations which upvite individual accounts and do hundreds of upvotes a day.
That's a one way trip, too.
....ever question why they are 'losing power ' ( they are not losing anything, the are relinquishing)
Altruism, or gettin' out...?
Some of them are selling as they live from that money. I know they have no altruism in their bodies and the majority have been taking for too long.
The good thing is that they cannot grow as fast as the other 45000 active accounts so they are not gaining from the reward pool which they used to have control over. While they still have the majority of power that is changing fast as all of the accounts below them keep growing and earning sp.
Them relinquishing will be good in the long run as the rewards get spread between a lot more people and a much more active community. While I have seen a couple of whales that use the site and interact with people, the majority just seem to sell their votes and sell steem.
Posted using Partiko Android
I posted below.
The SP breakdown is 53% to 47% (roughly) for the Whales/non-whale accounts.
The reward payout is 75% to 25% author to curator.
Even if the Whales wanted, there is a point where they cannot post enough content to monopolize the reward pool where nothing is given out.
As you said, most Whales are passive investors leasing their SP out. Plus, they tend not to be buyers of STEEM since they have so much. The last price drop saw a lot of smaller accounts adding to their positions.