The Witness Voting Engagement Report - 2018-08-19

in witness-category •  2 months ago

How Engaged Are Steem Users in Voting for Witnesses?

That's what this monthly report is all about!

This month's engagement rate for accounts with 100,000 VESTS or more is:

34.87%

That's up 1.2% since last month, with a 3.4% increase in new accounts.

The percentage of VESTs actively voting is:

70.51%


If you're not sure what a witness vote is, or why it's important, please see my older post Steemit is Free, But Your Witness Vote Determines its Future.

Witnesses, within a Delegated Proof of Stake (DPOS) blockchain like STEEM, are very important because they protect the blockchain and add new blocks with validated transactions to it. Unlike Bitcoin or other Proof of Work (POW) blockchains, there is no concern with centralized mining farms controlling or forking the protocol into something the users don't want. With DPOS, the largest stake holders get to pick who controls the protocol and those stake holders can change the witnesses at any time by changing their witness votes. For a detailed explanation of DPOS, see DPOS Consensus Algorithm - The Missing White Paper. You can also see this post of mine for why I'm such a fan.

This report uses @arcange's STEEMSQL. You can now pay for access via https://steemsql.com/ for 1 SBD a day or 10 SBD for a month. Check it out and give him a Witness vote if you haven't already.

MV stands for Million VESTS.

VESTS are like vested shares in the STEEM blockchain and relate to the STEEM token by a ratio (493.888 STEEM per MV as of this report).

VESTS impact the weight of your vote on posts and the influence of your vote for STEEM Witnesses.

Here's how I'm filtering the data:

  1. All Accounts: No filter applied, includes all accounts.
  2. > 100,000: Accounts with 100,000 or more VESTS.
  3. > 0 Posts: Accounts which have posted at least once.
  4. > 100k & > 0 Posts: Accounts with 100,000 or more VESTS who have also posted at least once.
  5. Active: Accounts which have voted, commented, and posted a root post in the last 30 days.

The percentage values in parentheses show the change since last month's report.

The total VEST numbers listed below don't include accounts belonging to Steemit, the company, which are not currently participating in witness voting.

Overview


This shows the total number of accounts and VESTS.

FilterAccounts% AccountsVESTS% VESTS
All Accounts1,116,570 (3.4%)100%212,400 (1.8%)100%
> 100,000 VESTS39,421 (1.2%)3.53% (-2.2%)206,827 (1.9%)97.38% (0%)
> 0 Posts522,870 (6%)46.83% (2.5%)158,318 (2.1%)74.54% (0.2%)
> 100k & > 0 Posts29,975 (1.4%)2.68% (-2.2%)155,398 (2.1%)73.16% (0.2%)
Active58,535 (-4.4%)5.24% (-7.6%)73,286 (-4.7%)35.43% (-6.3%)

Voters


This shows the total number of accounts and VESTS which have voted for a witness or set a proxy.

FilterAccounts% AccountsVESTS% VESTS
All Accounts55,346 (4.3%)4.96% (1%)149,770 (1.6%)70.51% (-0.2%)
> 100,000 VESTS13,748 (2.5%)34.87% (1.2%)149,219 (1.6%)72.15% (-0.3%)
> 0 Posts49,739 (4.7%)9.51% (-1.2%)121,396 (2%)76.68% (-0.1%)
> 100k & > 0 Posts13,175 (2.5%)43.95% (1.1%)120,871 (2%)77.78% (-0.1%)
Active16,719 (-6.1%)28.56% (-1.8%)59,641 (-6%)81.38% (-1.5%)

Voting For Inactive Witnesses


This shows the number of accounts which are currently voting for witness accounts in the top 100 there not currently active witnesses. This number should be 0.

FilterAccounts% AccountsVESTS% VESTS
All Accounts11,803 (-0.7%)21.33% (-4.8%)25,745 (-7.4%)17.19% (-8.9%)
> 100,000 VESTS3,184 (-3.1%)23.16% (-5.5%)25,616 (-7.5%)17.17% (-8.9%)
> 0 Posts11,381 (-0.5%)22.88% (-5%)25,199 (-7.6%)20.76% (-9.5%)
> 100k & > 0 Posts3,143 (-3.1%)23.86% (-5.5%)25,073 (-7.7%)20.74% (-9.5%)
Active3,144 (-14.1%)18.8% (-8.5%)10,124 (17.2%)16.97% (-12%)

These are the inactive witnesses in the top 100 as of this report, but keep in mind some of them may only be temporarily inactive:


jerrybanfield
wackou
steempty
roadscape
arhag
datasecuritynode
comedyopenmic
theprophet0
kushed

I'm quite encouraged this month to see the number of inactive witness votes declining. Maybe the improved witness voting page on steemit.com has something to do with that as it now goes all the way to 100 witnesses while also showing disabled witnesses.

Have You Voted for a Witness?

If you haven't voted yet, please consider setting @lukestokes as your proxy voter. Otherwise, go vote for some STEEM Witnesses you respect who you believe will do what's in the best interest of the network. I hope that includes my witness, @lukestokes.mhth. If you're not sure who to vote for, take a look at some witnesses you respect and see who they are voting for via their account on steemd.com or steemdb.com. Some witnesses are very active behind the scenes supporting important projects, but not as active as bloggers, so keep that in mind when you vote. This should not be a popularity contest favoring those who are the best communicators (though communication as a witness is certainly important). It's meant to put in place the best people to support the STEEM blockchain. That includes multiple dimensions from technical expertise to economic theory to community building.

For more on what witnesses are doing each week, follow @timcliff's weekly Reports from the Witnesses post.


Again, if you're not sure what a witness vote is, or why it's important, please see my older post Steemit is Free, But Your Witness Vote Determines its Future.

Thank you! I hope you found this useful.


Previous Reports:


Luke Stokes is a father, husband, programmer, STEEM witness, DAC launcher, and voluntaryist who wants to help create a world we all want to live in. Learn about cryptocurrency at UnderstandingBlockchainFreedom.com

I'm a Witness! Please vote for @lukestokes.mhth

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Happy to see the accounts voting for inactive witnesses decreasing! I still wonder if "vote for witnesses" could be better integrated into the overall layout of Steemit rather than over in a side tab some may not even know exists. Maybe it could be added in the "wallet" section of the profile so it would be easy to check who everyone is voting for and quickly change votes?

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I think most serious STEEM investors know about it (or, at least, I hope they do). Most steemit bloggers probably don't have a huge amount of Steem Power for it to matter much, but yeah, it's not something super obvious to most people.

That's why I do regular reports like this. It's a good reminder for people to talk about it.

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I'm new to Steemit and only have 3 blog posts with 0 anything Steem so far. (Although 14-something <of a thing I can't remember right now what it is> I can't seem to do anything about) As such, in my learning about this platform, posts such as yours are quite helpful.

After reading this one, I clicked over to read your post from a year ago where you mention being 77 in witness rank. I see now you're at 11. So this lets me know just how serious you are, so I set you as my proxy for until I figure things out to decide on my own. I'm also following you so I can get more info as you post it.

I look forward to reading more from you and interacting with you on here. Take care! 😀

Thanks Luke. I honestly need to be more engaged with Witnesses and deciphering which ones are the most suitable for the job etc..etc..

Great one. I am happy with the continuous increment with respect to this stat..

@eurogee

Wow, that still seems really low. I wonder if it has to do with the number of bot accounts or if it is just people being apathetic.