STEEM: Whales Are Losing Their Power....The System Is Not Broken...Report through 8/31/2018
I last reported the numbers in a post that covered through July 31,, 2018.
Special thanks to @arcange who runs these numbers everyday.
Now that we are at end of month, time to post the numbers again.
I want to thank @arcange for the work done each day compiling these numbers and making the charts.
We have 3 months worth of data for analysis purposes to see how the 90 trend might be.
Here is the breakdown.
6/30/2018
The total MVests here is 389,911.
On a percentage basis:
Whales 61.44%
Orcas 16.72%
Dolphins 12.24%
Minnows 6.17%
Red Fish 1.31%
Inactive 2.10%
The change over that time period is as such:
Whales -.01%
Orcas -.73%
Dolphins +3.98%
Minnows +2.99%
Red Fish -3.56%
Inactive +4.64%
7/31/2018
The total MVests here is 390,361
On a percentage basis:
Whales 60.95%
Orcas 17.43%
Dolphins 11.89%
Minnows 6.28%
Red Fish 1.28%
Inactive 2.17%
The change over that time period is as such:
Whales -.79%
Orcas +4.25%
Dolphins -2.86%
Minnows +1.78%
Red Fish -2.29%
Inactive +3.33%
8/31/18
The total MVests here is 395,377
On a percentage basis:
Whales 59.90%
Orcas 18.21%
Dolphins 12.05%
Minnows 6.40%
Red Fish 1.25%
Inactive 2.19%
The change over that time period is as such:
Whales -1.72%
Orcas +4.48%
Dolphins +1.34%
Minnows +1.91
Red Fish -2.30%
Inactive +.92%
6/30/18
7/31/18
8/31/18
So what does this all tell us?
To start: THE SYSTEM IS WORKING AS IT IS DESIGNED!!!!
The Whales are losing power.
The Orcas, on the other hand, had a very good month. They had the largest gain over any category. Looking at the accounts, the Orcas had a +10 while the Whales lost 1. This would account for part of the increase. The Minnows also did well adding another 241 accounts.
On June 30, 2018, the Whales and Orcas had 304,784 MVests (78.17% of the total); on July 31, 2018, 305,980 MVests (78.35% of the total)...an increase of .23%....On August 31, 2018, 308,813 MVests (78.10% of the total)...an decrease of .32%.
It comes as no surprise that the Orcas had a great month since we know some of them are buying at the low prices. @exyle stated in his videos that he is buying in his attempt to get to 150K SP. We also come across this post here:
https://steemit.com/steemit/@dhenz/why-i-bought-250k-steem-during-the-dip-and-just-getting-started
The other number I pay attention to is 10,784. This is the total number of accounts at Minnow or above (roughly 500 SP). This is an important number to keep expanding.
Tomorrow, I will have a post that really emphasis how much the shift is over time. We are seeing the power from the larger accounts slowly diminish. It is being transferred to the lower categories.
In an article yesterday, I showed how the fact that so much STEEM power is being delegated by the larger accounts to applications that are becoming mega accounts themselves in terms of voting power is only going to further enhance this transformation. Each day, these application accounts are voting on hundreds of different posts, most of them from smaller accounts.
https://busy.org/@taskmaster4450/why-applications-like-tribesteemup-are-fixing-steem-problems
Remember, authors take 75% of the reward pool.
I feel pretty confidence we will really start to see an impact after Hard Fork 20 since the applications will be able to sign up users themselves. At that point, I expect the Red Fish and Minnow categories to grow rather rapidly.
If you found this article informative, please give it an upvote and resteem.
Yup, Steemit still facing the low number of new user register
It will go up...
I recently just hit minnowhood and I’m excited to keep growing! I’m glad to see that their is growth in the subclasses and starting to create a larger steemit middle class! The more power we can redistribute the more success stories we will see which should attract more users and investors
Posted using Partiko iOS
Congratulation on reaching that level @checkohler.
That is the right approach in my view. Keep going forward and adding to your account. Consistently and long term commitment is what builds an account.
Interesting to see the decrease of red fish and an increase in minnows as it could signal that more users are finally growing into minnow status which is great news despite the headwinds of inactives being huge. However, moving out of the delegated 15 SP start into red fish and minnow is a great sign as it shows the potential of inproved distribution of rewards as well as a diversification of available content. I think the #minnowuprising initiative has continued to show its impact! I know it has for me as I posted nearly every day this month again! The future is bright!
Good observation. It is interesting to see how things are shifting. I think it is moving albeit slowly. I think getting a lot of minnows is the starting point. It would be great to see that number jump a couple thousand because, for the most part, those people are going to be active. The red fish tend to drift away.
I am thinking of doing another minnowuprising in the Month of Sept. Perhaps it will stimulate things again as we go into hard fork 20.
Thank you for this awesome blog post, we are getting there and we improve each day.
Very interesting to see how the categories change as Steemit evolves over time
How do I know which category I'm in?
I don't see your question and ask the same question, sorry...
Very interesting! How could I know if I am a minnow or a red fish?
About 500 SP
Thank you, so I'm a little red fish...
I want to ask you a favor. I am trying to raise funds for a woman in Venezuela that needs an operation. I was hoping that you could upvote some or all of her current posts to help her get there. Here is a fundraising post I did with more info
https://steemit.com/steemit/@mariannewest/calling-on-the-steemit-community
Thank you for all you do!
oh wow this is pretty awesome! i had no idea the percentages were that huge but thanks for sharing. hopefully ill be a dolphin soon! nearly there!
Looking forward for all these groups to grow except the dead fish category (: