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5 years ago in #utopian-io by crokkon (68)
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Hi @crokkon
Good stuff!
An analysis that answers some questions and raises a few also.
This sounds promising and it looks like good scope for future investigations.
I see Paula found the answer as to what caused it, but do you have more info as to why vote values dipped?
Really interesting, well-written, and presented!
Asher
Thanks, Asher, also for the RS! As often, the analysis immediately raised some questions for a follow-up investigation. Yes, Paula's remarks on the update/release of Steem 0.20.6 fit exactly to the timestamp of the dip. Yet I haven't really understood why this change affected the total rshares on that day but not the number of distinct voters.
No worries.
Were there less votes on this day overall? Maybe the regular voters got at least 1 or 2 autos in before/after some downtime to the auto tools?
But this wouldn't reduce the size of votes?
Thank you for your review, @abh12345! Keep up the good work!
72% is a good figure, so seems many people are actively participating even though the market is red. That is a good sign for the block chain.
Really intetesting. Hope my rshared are going up in line with the voting sp.\n\nDid the roll out of 20.6 happen around that date?\n\nAlso, sorry if i missed it, but did u use owned sp or controlling sp?
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The rshares are calculated based on the controlled vests, the voting power and the vote %. So yes, more SP means more rshares for the same vote parameters. You are right, 20.6 was rolled out exactly on Oct. 24th! This included RC changes, but has actually relaxed the situation, IIRC. I'll have to take a deeper look if this could have affected the vote values in some kind. The analysis was based on controlled SP.
As the analysis was based on controlling SP, a large amount of steemit inc SP is now delegated out via Misterdelegation and has a large impact on this. I wonder how it would look and what effect it would have on votes if this delegation was not in place and was not used for voting.
Good point! I was thinking about this aspect for quite a while before and during the work. In the context of finding SP that is not voting, I've decided to use the controlled/effective SP since the account votes are based on this stake. This includes Steemit stake. Even though Steemit does not vote with their stake directly, their delegations are clearly meant for voting. This includes delegations from @misterdelegation, but also all stake given out to new users via @steem.
A slightly different but related question is, how much of the active stake is coming from Steemit. I guess your comment was going in that direction? The data set showed a total of 108M SP voting at least once within the last 3 days. @misterdelegation is currently giving out 18.4M SP to dapps. The dapps are active, so this number can safely be subtracted from the 108M SP. A bit more complicated are the delegations to users via @steem. A total of 5.9M SP is currently delegated out from that account, but parts of these delegations certainly go to inactive accounts. So as a rough guess, I'd assume that around 20-24M SP of the "active" SP is actually coming from Steemit. And then there are a couple of smaller accounts of which we don't really know it it's Steemit stake or not...
I actually forgot about the new account delegation. Very intetesting. Really nice work @crokkon
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Excellent analysis and well explained. This was something that crossed my mind before. Thank you for answering my question. :)
Thanks @eastmael, also for the resteem!
I really enjoy reading your brilliant analysis!
I'm really curious to see what happens if the price of Steem increases again to let's say $2+?
And I also wonder what percentage of the upvotes is automatically done by accounts that (almost) never login?
Thanks @crypto-econom1st! I'm not sure if there would be a significant difference with a higher Steem price - the biggest part of inactive account found here are inactive for over a year, and a year ago the price was like 10x of now. The question of automated votes is very interesting and I took several attempts to put this into numbers :) Unfortunately, it's not easy to get a reliable picture there...
Super interesting analysis. Great to see that so much SP is actively being used and only very few ignore the compounding machine that Steem is.
Interesting analysis that I feel is quite positive given the challenges felt lately. The fact that 70% are being consistent in voting is encouraging. I wonder how much though has to do with vote selling and the impact of bots although those too have seen declines. Thanks for sharing
Thanks @newageinv! From previous investigations a few months ago, the share of sold/bot-votes made up around 30% of all votes per day (by value). I don't have recent numbers available, so I can't tell for sure if/how this has changed. Certainly worth another look...
I'm actually surprised it's that much.
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