Perspective: on the growth of STEEM and Steemit.com
A couple quick charts to give perspective on STEEM and Steemit.com's usage growth.
The STEEM blockchain has been operating for 11 months, and the UI (in beta) for 8 months.
Bitcoin's transaction rate growth, 2009 - 2017
Here is a chart of daily BTC transactions, with ETH and STEEM markers for comparison.
(According to @stephenkendal's last report, we've been reaching 150K transactions lately.)
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Reddit's growth, 2005 - 2012
This is not necessarily a fair comparison. The internet was certainly a different place in 2005. Things move faster now. Creating a centralized social network is magnitudes easier than a blockchain-based one. But the old models are showing their cracks.
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What's your take?
In long term view, the transactions chart is super important.
Remember, what long term goal is, social network is "just" a vehicle to get there.
https://steemit.com/steem/@dan/steemit-s-evil-plan-for-cryptocurrency-world-domination
The transaction number is impressive technically, though ultimately irrelevant given a social network would be expected to have much more transactions.
In 2017, there's ample opportunity for a disruptive social network to grab millions if not hundreds of millions of users, but Steemit simply hasn't gained any traction outside of the tiny crypto bubble. That said, we'll see where the posts submitted and active users graph stands at the end of 2017. Steemit Inc has committed to focus on driving user growth - it'll be interesting to see how successful the marketing efforts are.
You can say that again
Steem Apps from Steemtools.com
Good data and general comparison. Steemit is still young, but off to a good start. Success is not guaranteed, as their are many challenges ahead (both internal and external in nature) but this community definitely stands a chance at becoming something great on a global scale!
Let's keep an eye on the data and be diligent in identifying the risks and opportunities.
Thanks for the mention. I appreciate it. Stephen
This post has been ranked within the top 50 most undervalued posts in the second half of Feb 16. We estimate that this post is undervalued by $7.14 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Feb 16 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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This chart doesn't lie, Steem price is going down.
Also consider the market cap and that steem is inflationary
Well, your chart doesn't exactly lie, but it doesn't show the whole truth either.
You show none of the price rise. lol. It looks like it just fell from the sky from day one!
Here, this chart doesn't lie either.
Bitcoin price decline from 11/30/13 - 8/30/15
(One year and Nine months of the Bitcoin price going down)
I like this comparison.
are there any sources/tools out there to find out how many active users there are now on steemit? i remember when it was just around 4,000 or so active weekly users, wonder what it is now?
I always check here: https://steemd.com/distribution
It appears we are currently looking at 8,813 accounts active over the last 7 days.
Several thousand of those "active users" are botnets and other automated voting accounts. Just keep that in mind. Active daily "authors" (according to steempunks.com) are around 800-850.
I don't think it is that simple. Who is active user? Only those who post? Or also those who upvote?
I'd say that most of that 4000 active users have at least some human action. I use bot but also read posts every day and upvote manualy (like this post :-).
I know for a fact that at least two users have used their 1000-2000+ automated trails in the past week. And I also know that many Streemian trails have accounts on them that are only voting.
And yes, the active users includes voting accounts, as far as I know. Unless that has recently changed.
they sound very irresponsible. I propose they be burned at the stake.
Ahhh, bots. Yes, I knew it was a good percentage, but I hadn't imagined it being that much. http://steempunks.com/dashboard does paint a different scenario.
I wonder about the risk involved cause it was up so high a few months ago. But being new to tbia xrypto world. Who knows what make these things grow. For sure steemit is one of my favorites. I hold about 15 percent of my crypto in steem. Thx for all the cool resteems on your page. What do you think about view.ly pre ico??
Looks like about 3 years before reddit took off .
What is considered a transaction for Steem ?
Any vote, I believe.
Or possibly any operation whatsoever. Transfer, Vote, Post, etc.
Of course. I was simply referring to the minimal action required to be considered a "transaction." Something as simple as a vote would fall into that category, if I'm not mistaken.