I bet you can guess the reason for the rise in transfers on Steem

in gambling •  last month  (edited)

There is a clue in the title, but the answer is below. Could Steem see half a million transfers in a single day soon?




The chart above covers Wallet transfers over the past 500 days and from around the end of November last year, the number of transfers has been on a sharp upward trajectory.

On the 18th of March 2019, just over 315,000 transfers were made - lets have a look who by, and who to...



Yep, @magicdice was involved in 228,811 of the 315,137 transfers, a cool 73% and easily more than two-thirds!


I guess that it's good to see the network getting busier in this area, but the thing is, a lot of the transactions going to @magicdice are automated by accounts running gambling bots and pretty much all of the sends from @magicdice are automated.

@steem-bet are also on the list, and they arrived in February so could be likely to grow further in the coming months.

The @kryptogames and @kryptogamers accounts registered in January, but there are seemingly only recently starting to push advertising their website, and so they could contribute to these numbers soon also.

Then we have @moonsteem, and probably a bunch of others I don't know about, all of which are likely to be dominated by bots.


Steem, - the robotic gamblers gamers blockchain

I've been suffering all day with a migraine, struggled through the Minnow Power Up weekly post, listened to a bit of Pennsif's show, and this is all I have to offer today.

Goodnight :)

Asher

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Have a few beers it may help. If it doesn't don't blame me and blame someone else. Could be the eyes though as you are getting on a bit now. I need to have my eyes checked ,but have put it off as I know glasses are coming my way.

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That's what Taraz told me to do too - you guys should stick to the day jobs and not venture into health care!

My eyes, touch wood, are pretty damn good for a 40 year old. The right one not quite so good - fractured skulls will do that I guess :)

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Maybe spending a year around Taraz wears off on you. Fractured skull would possibly have something to do with it. Mine is just from spending the time on here.

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  ·  last month (edited)

The amount of time I've spent in front of a screen since I got my 48k spectrum is probably at rating, 'obscene'.

A year around Raz would make me smarter, or insane from sparking too many dying brain cells :)

I'd like to see the chain pushed hard. Maybe we should organise something.

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Agreed... Do a stunt... Beat EOS for a day so CCN, Reddit, twitter have something to talk about.
Things like this is how you get attention.

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I've been told that MIRA will help with scaling, but there is still plenty of room to breath for Transfers at present also.

Maybe we should organise something

You fund, I'll play :)

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I need some bots that can transfer between each other every 3 seconds or so. I am guessing that Steemit Inc has a lot of unused accounts that they could leverage for this.

1 account can theoretically transfer 28800 transactions a day Give it a Steem and program it to send to bot 2 which also has a Steem that it sends to bot 3. and so on.

To beat EOS' transaction record of 87,000,000 we need 3020 bots doing this for 24 hours at max rate. make it 5000 to to be sure. I am pretty confident there are enough alts people could add to the trial without Stinc being involved as that is less than 0.5% of all of the accounts on Steem. The @therealwolf and a few of the other witnesses could alter the code of one of his sites to create a signup point that would add an account into the cycle (not mains) that could be powered up with a few Steem each to transfer steem between each other as soon as it receives it in. I am not sure if it can move every 3 seconds but adding a few more bots will make sure that it could surpass the max

I have been wanting to try this for a long time :D

Game @lordbutterfly?

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Isn't that cheating a bit though? 😇

It would be interesting to watch.

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#BreakTheRecord, #PushingTheLimits, #SteemNo1

And drop it on twitter. Wouldnt be too hard to think of something catchy to push this forward.

A title: "STEEM IS NOW THE BLOCKCHAIN WITH MOST DAILY TRANSACTIONS IN BLOCKCHAIN HISTORY."

Try DMing therealwolf see if he can help. It requires a bit coding magic to pull this off. Maybe guys like FTG would help as well. He has a bunch of bots and scripts set up.

@abh12345 Well sure, it is... But

  1. We would just be "testing" STEEM capacity or whatnot (we can make something up. haha)
  2. Thats the beauty of it. :D ..If you do something like this that people will perceive as cheating, then they will be motivated to react and say, well basically what you said haha, which brings attention to STEEM..

No, it was just a test, bla bla bla.

Youre not really doing anything immoral, (it will actually be true) youre just drawing attention to yourself. Something we sorely need.

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I wrote a post, why not get some visibility ;P

So long as the transactions are genuine and not from people being blatantly scammed (though some would argue all forms of gambling is a scam I guess), then increased use of the chain strikes me as being a positive thing. The more successful projects that keep popping up, will encourage more projects to keep coming.

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Agreed :) Hopefully we will be reporting a million + transfers a day at some point, maybe even before the end of the year.

Not shocked this is a good thing though. We have some booming markets that can and will lead to other things being more developed out. First comes the sin industry in entertainment (gambling, porn, and what have you.) Then comes everything else.

Perhaps @enjargames will one day play its very small role in increasing transfers.

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Yeah I think it should be seen positively overall, even if the majority are auto-transfers at present. Steem is good for gambling.

@enjargames to moon STEEM :D

Pretty cool stats, Asher! :)
I'm tempted to go through the list of account to see what kind of transfers earned them their top spot. I bet I know the transfer types from a good fraction of them, but haven't seen others before.

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  ·  last month (edited)

Yes I should have done that, but my head was killing yesterday.

Most will be bets, and the return from MD, a win or a lose message :) Is it possible to see if the message is automated at this point?

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Is it possible to see if the message is automated at this point?

The message is automated for sure. Another question is if the bets are automated, but I can't think of a way right now to distinguish manual and auto-bets. There is no difference in the signature as it is with comments/votes/jsons via steemconnect...

Thanks for this statistics! also very surprised to see there @emrebeyler and @themarkymark. The count "from" and "to" is very similar for each one, so as you say maybe they are using bots to play games.

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Yup, I have also a couple of bots to play dice. :)

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Yes Marky has blogged about using a couple of accounts and code :)

Great news ! Obviously betting is increasing transactions but it is good ! It show the scaling possible on Steem !
Thank you for sharing

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Yes I believe it is good news as it shows that Steem could be the choice where millions of transfers are required, quickly and at a low cost. Cheers!

A little bit of everything for everyone here! The potential is truly great as the Steem community continues to expand and offer different ways to engage with the ecosystem!

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Get well fast Asher 💗 Migraine sucks bad. Here's to hoping there's something valuable in Steem. I hear your despair. Hugs.

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From dispear comes hope, being known as a the gaming/gambling blockchain might not be so bad for starters - the publicity could be good.

Yeah, I should switch off now but I've been snoozing all day to try to clear it - argh! Thank you :)

Well i know my goal for tomorrow.
~120k is expensive even at 0.001 steem a shot so I'll aim for top ten. #engagement ;)

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haha :D

Transfer engagement, never thought of that!

That is a ton of transactions for one game. There is a limit to how much the blockchain can handle right? I feel perhaps soon these games will need to be developed in a way that does not hit the blockchain so hard.

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  ·  last month (edited)

These are just transfers, and Steem is pretty unique in that they are fast, free, and has room for a lot more :)

Apparently, MIRA will help with scaling issues also, but I'm not well up on this yet.

LOL. Its @emrebeyler :D

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Stress-testing the network :D

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steem dapps will take it to new heights soon steem is back on track once again !!!

I had to check what the clue was :)
Got it hahaha

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hehe :D Glad you are up to speed now!

@abh12345, Games on Steem Blockchain are playing great role in Transactions and it reflects as it's just a start only. It will be an exciting ride.

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I certainly hope you are correct and strapped in! :D

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😁👍

Gambling and Drugwars... Lol

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Mostly! :D

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.

It would be interesting to filter out the spam < .005 transfers and see what the trend and numbers are.

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