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RE: STEEM Wealth Distribution - The Top 1% - Steem v The Real World
Two things to consider... remove 30K accounts created by mining and squatters and consider only those accounts which are actively posting. If I created 1 million dummy accounts then it would make the wealth distribution look much worse.
The current inflation rate is MUCH HIGHER than 100% due to the currency still being in its distribution phase. This means the rate of distribution is much higher than it will be in the future.
Hello @dantheman
Thanks for that information. Adding those 2 factors in will increase the dilution rate dramatically. I will spend some more time on this over the next few days and repost with something more accurate.
I can see that weekly active users are 12,140 currently, so with almost 46,000 accounts, your '30,000' un-relevant accounts makes sense in this calculation. Didn't realise it was that high..
I have last week's Total Steem in Circulation figures. I will crudely Compound the dilution rate from this Week, Week on Week for the next year to get a rough idea of what the actual dilution rate is...
Thanks for the tips, I will get back to you
Will love to read the next post. Dan's explanation put a lotta things in perspective. Not many people see it that way.