You are viewing a single comment's thread from:
RE: If Steem were a country, it would be the most unequal society in the world
I keep hearing this but I'm not so sure. Yes the smaller accounts are growing, but who really owns them?
I know of at least 2 witnesses sock puppeting the hell out of their combined 2m SP. And stats I did a few months back seemed to show other obvious feeder setups.
The dapps and utopian are helping though, it would be nice to see earners here hold on to SP and make it to the thin middle class layer.
It's undoubtedly true. In order for the stake distribution not to be widening, whales would need to be taking a proportion of the reward pool greater than their existing stake share as a whole. Since whales own 90% of the stake, they'd need to be self-extracting 90% of the rewards, which they aren't.
Do you know if anyone is detailing this data?
I might have to look into the tables...
There used to be a chart showing distribution by account on steemdata.com but it's gone a little while.
You'd only need to collate accounts that are not whale sockpuppets/meatpuppets getting 10% of the recent reward pool collectively to disprove the idea that whales on the whole are increasing their stake.
Argghh, too hard!
The need to factor in a bot vote, which is likely break-even for the author, and going 70/80% to the delegators (could be a whale or a minnow) and the rest to the bot owner has blown my mind.
Maybe I need to look at it the another way - i'll go to the beach and ponder :)
Whale accounts own 240GV together, or 61%. If you add the other known sockpuppets together and count them as 'whales', it will be a few GV more. (Actually the fact that it has dropped so low is evidence the stake is getting wider distributed).
To prove that the stake is being spread out, you only need to show that at least (100 - WhaleStake%) are going to non-whale (or whale sockpuppet) accounts. You can choose to eliminate those getting upvotes from bidbots from this if you want (I don't think that will make it much harder).
At least at the last time I checked it was clear the vast majority of rewards were still being spread out to ordinary accounts. The rent seeking is getting bad, but it's certainly far from the majority or rewards today and less than the % required for stake concentration to be increasing.