Change In Steem Distribution Levels 8/4/19...We Keep On Growing
Every two weeks, I put together a post that broke down the number of accounts that were present at different levels. Here was last week's post.
This was motivated by a breakdown I came across about Bitcoin wallets.
Knowing what the distribution of STEEM is important. However, finding out the pace of the change is equally as valuable. Since this is a process I just started, it will take a bit of time to figure out the exact pace. For now, we are establishing a baseline of which to compare.
I use the data provided by Steemitboard put together by @arcange.
The idea is that Steem needs to keep adding depth. To be a thriving blockchain, we need users. That said, I do not feel that total accounts is a good barometer. Yes, it is the starting point but we know there are a lot of accounts that sign up, do a couple clicks, and then depart.
To me the starting point is the number of total accounts that earn a single SP. The reason I feel this was is two-fold. First, each new account is someone who did something to earn STEEM. Somehow, the STEEM got into the account and was powered up.
The other reason is because we are expanding the amount of people who have some form of crypto. This is vital for the industry in general. We need more people, overall, to engage in cryptocurrency and new accounts gaining SP is a good start.
Obviously, we cannot determine if every new account is a separate, new person but we can presume a large amount of them are.
Here is the chart with the comparison from a week ago to today along with the number from when I first started this.
The "Difference" is the number of new accounts that reached each level throughout the weeks. We see two columns, one for last week and the other for this week.
From these numbers, we also see the depth of distribution going deeper. At the same time, more accounts are moving up the scale to higher levels. This is exactly what the ecosystem needs.
Another chart I created was the percentages at different levels for the accounts that did achieve at least 1 SP.
This chart is from November 25th.
This chart shows that of the accounts that get at least 1 SP, 45.12% go on to get 10 SP. Following down the column, .84% of all accounts that get a single SP end up reaching Dolphin status (5k SP).
The next column does the same. Of all that accounts that 10 SP, 21.22% go on to get 100 SP.
And so on.
Here are the numbers today.
The goal is to see the pace of accounts reaching these levels increase over time. As the number of applications on this blockchain grow and the amount of people using the applications expands, we should see the entry level, 1 SP, increase. Of course, this will require the applications onboarding users themselves which is starting to take place albeit on a minimal scale.
We all would love to see these numbers triple overnight. That aside, as long as we see progress each week, we know things are moving ahead. The pace might not be where any of us want it yet we can see, slowly, the ecosystem is growing.
The numbers are fairly consistent over these past two weeks. We are adding about 220 accounts that are receiving their first SP. This is within the range that we were operating on the last 6 months.
It does not appear, at least so far, that the addition of the Steem-Engine tokens had any effect on the numbers. Of course, we are only a few weeks into that so we will have to give it some time to see how things unfold.
The key to these numbers is that growth is happening at each level referenced. Since I started this about 8 months ago, there are only about 5 times where any category registered a negative. Other than there, there is always growth which means the ecosystem is progressing. More accounts are showing up at each level with more SP going into each.
As always noted, the pace is what we might object to but the trend is not up for dispute. Growth is slowly taking place on Steem, spreading the distribution out. The number of accounts that have SP is continually expanding.
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