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RE: STEEM: Whales Are Losing Their Power....The System Is Not Broken...A 6 Day Shift In The Numbers!!!!
I really like this series of posts that you've put together as it shows quantitatively that the system indeed is not broken. Not just in your opinion, but in reality. And as more people join and participate on Steemit the balance will continue to shift.
I dont think there is any other option @moneyinfant.
As more people get involved, especially in larger numbers, we are going to see this continue. With the reward pool broken down as it is, it is impossible not to. There is no way the few can write enough articles to keep pace with all the newer people.
This change was a 6 day move....was it abnormal....I do not think so. It will be interesting to watch as the weeks go buy and the price of SBD and STEEM change. I wonder how that will affect things.
Not abnormal, but rather a developing trend yes? And yes, as more people join there's no way for the few to keep up with the influx of new articles. Not just here, but on all the other platforms that have been gaining increased traction.
I believe it is a developing trend...the last three months saw this...this is the first time I looked at a shorter time frame. There might be weeks when this changes, but I think over a long enough sample, like a month or quarter, it will be the case.
I have a feeling the overall effect will be tied to the number of people signing up and becoming active. As long as the active users are increasing, that is going to dilute the reward pool some. with roughly 65K active now, that means there are about double the content creators as there were just a month or so ago.
That has to have a major impact.
I've been seeing the upward trend in number of users/posts made by following @penguinpablo for his Steem status reports. It looks as if the growth began in December, so it will be interesting to see if the pace of new users remains the same, decreases or if the upward trend gains momentum.
His 4 week report for Jan said 129K user sign ups for that period...that is a huge number compared to where we were.
I would believe we are going to keep seeing a steady increase in sign ups until we get the auto sign up in the next fork.
D.Tube seems to be having a lot of success grabbing some of the disgruntled YouTube people.
Isnt it amazing that YouTube might turn out to be our greatest ally.
At that rate I would imagine we'll have somewhere north of 250k active users by the end of the year, although the rate of adoption could increase substantially with auto sign ups.
It's certainly ironic that YT is looking like a great ally thanks to their own poor decisions.