Are delegations to bid-bots falling since the recent hard fork?
At the weekend I presented some data that included the amount of STEEM being sent to a selection of some of the most popular Bid-bots. In the comments it was suggested that delegations to the bots should be assessed to see if this was shrinking or not.....
After a couple of hours of fiddling around with TxDelegateVestingShares of SteemSQL fame by @arcange, I have finally gotten my head around ROW_NUMBER() and OVER(PARTITION BY ... ) and have the following to present.
I used today's delegation totals to 11 Bid-bots and worked backwards a week at a time, covering 7 weeks in total which places the latest hard fork(s) nicely in the middle of the dataset.
The 11 Bid-bots used: 'appreciator', 'booster', 'buildawhale', 'minnowvotes', 'ocdb', 'postpromoter', 'rocky1', 'smartsteem', 'therising', 'tipu', and 'upmewhale'.
I opted for Steem Power over MVESTS as the figure to present. Due to the number of STEEM per VESTS growing slightly all the time, the further back in time the data goes, the slightly more inaccurate the total is. Today, the number of STEEM per VESTS is 505.098, 7 weeks ago this number was probably closer to 505.000. I don't think it makes a noticeable difference to the numbers but I thought I'd best mention it.
Why didn't you use VESTS then?
The numbers are crazy big and most people think in SP.
Anyway, enough chat, time for the image.
Whilst looking quite colourful it's not that easy to see what's been happening, although 'ocdb', 'smartsteem', and 'booster' show up quite well and show a dip in the week following the recent hard fork(s). It's also not that easy to see in the table below, but it's here for completeness.
Almost 23.6 million Steem Power was delegated out to the 11 bots above on the 6th August, that total is around 19.8 million today - 19% less. And to visualize this:
A couple of points:
Hopefully, this 19% is going out to content creators producing content that the stakeholder deems worthy, instead of them being paid to look away - 3.7 million Steem Power is a reasonable addition to the 'organic' voting stake.
The other point I want to mention is that I'm not overly disappointed it's not more - especially in the case of @ocdb and @buildawhale. Since the beginning of the month, these Bid-bots (with a current combined stake of almost 4.8 million SP) are actively using their 'free' downvote mana each day to combat some of the blockchains most stubborn accounts, and I see this as a good thing.
What say you?
Cheers
Asher
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@abh12345,
Yeah it's a positive thing if Bid bots wish to fight against Abusers of the STEEM. I think it might be the best thing that HF21-22 did for us!
!trdovoter 75
Cheers~
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I think you could well be right there, cheers! :D
Interesting ...I don't really have a pertinent comment, but it was cool to look at and I appreciate your data crunching, so have a !BEER
That's no problem :) There was some crunching in my head as the SQL gears are a bit (always) rusty but I think the end result shows some positive signs.
View or trade
BEERat steem-engine.Hey @abh12345, here is a bit
BEERfor you. Enjoy it!Well well we’ll, that’s interesting looks like our abuse of big bot abuse is starting to take its toll! It really is all about who has the bigger stick to hit one another with in the direction we want
I’ve never delegated to a bid bot but then again I did t have much stake! I recently started filling delegations in dlesase though giving that a go!
I think passive investors should look to something like that if they’re keen on earning without effort
Apparently :)
Bang on @chekohler I think that the lease market will be looking more attractive for investors and we should start to see a bit of a shift.
I never really got my head around the leasing market. More SP sounds nice but calculating potential earnings v's the cost seemed to show it wasn't worth it?
People want to lease SP for all sorts of reasons. I know one community that leases SP to upvote contributing members and it's hard to put a price on that ;)
Definitely more manual curation is being seen amongst the #newsteem wave as a direct result of this. We’re also seeing less and less junky, promoted content crowding the trending page. All is good for steem, as new steem continues its wave and hopefully no longer is sought as ~ new ~
Posted using Partiko iOS
Yes I think this is quite positive and leaning in the #newsteem direction. Thanks for stopping by :)
For sure. Thanks for adding value with high quality content, mate
Respect
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Buildawhale has an auto flag on it... I got hit with it as well. And I'm seeing flag abuse as being a major issue.
Auto-flagging you?
Auto flagging the clients. I wasn't the only person hit.
I think it's awesome! Bots with huge delegation flagging is double win, as there's less shit being upvoted while other shit is downvoted, all the while the reward pool is being distributed to all the 'good peepz' creating 'good' or 'non-spammy' content.
Can't wait to see how this further develops in the coming weeks and months. So far I like NewSteem :D
A #newsteem fan, there seems to be a fair amount of those, good! :D
I breathe NewSteem! I am NewSteem! I live and dream and die for NewSteem!
#nodrama
#newsteem for the win
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@abh12345, In my opinion Delegations are turning towards the Tribes and i think that it will going to bring beautiful diversification and empowerment.
Posted using Partiko Android
They could be doing this, I hope the tribes go well. Thanks for the comment @chireerocks :)
Welcome brother. 🙂
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1 !BEER Token for you
1 is nice, 2 is better :D Thanks.