RE: Building Steem and the growing long tail

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RE: Building Steem and the growing long tail

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lordbutterfly in #steem • 7 years ago (edited)

This is the thing with the "whales losing their power" as they are percentage wise going to slowly have their stake eaten away

Im not so sure that will be the case. Ive been trying to get people to establish a distribution trend and do a post about it but it seems that folks are either unwilling or cant figure out some things codewise i personally cant help with due to my limited knowledge in that area.
Its great reaching for millions of accounts, looking at future in a positive light, but lets stop a minute and look at what we are dealing with right now.
If the distribution is such that the gap between the rich and the poor is increasing (which we dont know since no one has done an analysis looking at those stats yet) then hopeful sentiment for the future means nothing.
I mean Haejin is basically earning a dolphin account every month and he is not the only one. Lets look at the stats before we say the future looks bright because at this point im very unsure that it indeed is the case.

7 years ago in #steem by lordbutterfly

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tarazkp 7 years ago

If the distribution is such that the gap between the rich and the poor is increasing

The thing is that there will be only a very few 'rich' and many will sell along the way while the lower mass keeps growing.

I mean Haejin is basically earning a dolphin account every month and he is not the only one.

There are a couple but it is unlikely there will ever be many more. While more people come in and earn, the lower mass of SP grows while the upper end loses percentage draw on the pool.

Not quite what you are after but hints at it.
https://steemit.com/busy/@taskmaster4450/steem-whales-are-losing-their-power-the-system-is-not-broken-report-through-3-31-19

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lordbutterfly 7 years ago

and many will sell along the way while the lower mass keeps growing.

Sure, could happen, but thats mostly a guess. The lower class could just be as likely to sell.

Im trying to find out what the current trend is.
Ive seen the taskmaster post. Doesnt paint the whole picture unfortunately. :(
Eliminating Steemit.inc non delegated SP from the equation would show a better picture since they are in constant powerdown which creates the impression of a more balanced distribution.

That would give us the best idea about how the SP is being distributed. Is power and influence ending up in the hands of the few or is it getting distributed in a more balanced way.

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tarazkp 7 years ago

It will balance more and more over time and the trend has been the same since before stinc started powering down at all. It doesn't matter if both ends sell but what would change it if only the top was buying.

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