Change In Steem Distribution Levels 4/14/19...We Keep GrowingsteemCreated with Sketch.

in busy •  5 months ago 

Each week I put together a post that broke down the number of accounts that were present at different levels. Here was last week's post.

https://busy.org/@taskmaster4450/change-in-steem-distribution-levels-4-07-19-we-keep-growing

This was motivated by a breakdown I came across about Bitcoin wallets.

Knowing what the distribution of STEEM is important. However, finding out the pace of the change is equally as valuable. Since this is a process I just started, it will take a bit of time to figure out the exact pace. For now, we are establishing a baseline of which to compare.

I use the data provided by Steemitboard put together by @arcange.

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The idea is that Steem needs to keep adding depth. To be a thriving blockchain, we need users. That said, I do not feel that total accounts is a good barometer. Yes, it is the starting point but we know there are a lot of accounts that sign up, do a couple clicks, and then depart.

To me the starting point is the number of total accounts that earn a single SP. The reason I feel this was is two-fold. First, each new account is someone who did something to earn STEEM. Somehow, the STEEM got into the account and was powered up.

The other reason is because we are expanding the amount of people who have some form of crypto. This is vital for the industry in general. We need more people, overall, to engage in cryptocurrency and new accounts gaining SP is a good start.

Obviously, we cannot determine if every new account is a separate, new person but we can presume a large amount of them are.

Here is the chart with the comparison from a week ago to today along with the number from when I first started this.

accts.png

The "Difference" is the number of new accounts that reached each level throughout the weeks. We see two columns, one for last week and the other for this week.
From these numbers, we also see the depth of distribution going deeper. At the same time, more accounts are moving up the scale to higher levels. This is exactly what the ecosystem needs.

Another chart I created was the percentages at different levels for the accounts that did achieve at least 1 SP.

This chart is from November 25th.

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This chart shows that of the accounts that get at least 1 SP, 45.12% go on to get 10 SP. Following down the column, .84% of all accounts that get a single SP end up reaching Dolphin status (5k SP).

The next column does the same. Of all that accounts that 10 SP, 21.22% go on to get 100 SP.

And so on.

Here are the numbers today.

accts.png

The goal is to see the pace of accounts reaching these levels increase over time. As the number of applications on this blockchain grow and the amount of people using the applications expands, we should see the entry level, 1 SP, increase. Of course, this will require the applications onboarding users themselves which is starting to take place albeit on a minimal scale.

We all would love to see these numbers triple overnight. That aside, as long as we see progress each week, we know things are moving ahead. The pace might not be where any of us want it yet we can see, slowly, the ecosystem is growing.


This was another good week. Every category grew with the exception of the 500 SP. The number of accounts getting their first SP keeps growing at an accelerating rate. It is over 400 this week.

The growth was across the board meaning we are seeing a spreading out of the distribution. We are seeing more accounts amassing SP which is of great benefit to the ecosystem.

After more than a month of being stalled, the Dolphins experienced a nice jump. It is not uncomong to see the ebb and flow but the positive is the overall growth rate keeps increasing.


If you found this article informative, please give an upvote and resteem.

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what do you think about all these whales/main devs and steemit itself dumping huge quantities of steem?

  ·  5 months ago Reveal Comment

I flag trash. You have been upvoted by trash. I have negated the vote from said trash.

Look Val-a

I am feeling hopeful that we are seeing some "expansion from within," thanks to the various initiatives currently supporting "Minnow Making" and growing Steem's "middle class."

It's a slow process, perhaps, but building a stronger and more active community among the existing users will only serve as a point of attraction when someone takes a look here and decides "Yeah, I want to be part of that!"

=^..^=

Very nice articles

Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!

Could you maybe pull stats that eliminate steemit.inc from the equation?

This post has been included in the latest edition of The Steem News in 10 posts - a compilation of the key news stories on the Steem blockchain.

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