How would steem power be redistributed without the soft fork 0.22.2 frozen accounts?

in Hive Statistics9 months ago (edited)

The main effect of the softfork 0.22.2 is to temporarily and reversibly freeze the stake of the following accounts:

  • misterdelegation
  • steem
  • steemit
  • steemit2
  • steemitadmin

effectively preventing them to use the stake they hold for witness votes, but also for votes on posts or comments (and a few other transfer operations), as this has been promised to the community several times before the soft fork.

My friend @taskmaster4450 asked me the following question on one of my stats post:

It would be interesting to see the MVest chart with the Steemit Inc stake removed since it is, presently, frozen.

And indeed, that's a very good question!

Here is the graph before removing those accounts (taken from my last Steem statistics):

And now the graph if we removed the Steem Power hold by the frozen accounts:

As you can see, there is a major shift of power toward the lower level users of the community.

This makes even more interesting the outcome of the discussions that will take place between the witness and Justin Sun/Steemit inc on the future of the stake that has been ninja-mined and on the use that will be made of it.

Perhaps we could finally see a true decentralization of our governance happens.

So many interesting times to come!

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A really big shift and it does show how the power distribution is altered.

Under the second scenario, the Orcas and Dolphins have about 54% of the MVests.

This could definitively change the rules of the game.

Oh, those rules have now been changed alright. Interesting say the least.

Posted via Steemleo

@arcange thank you for making this, indeed it's quite encouraging for smaller SP holders like minnows, dolphins and orca. We shall see how this plays out.

Posted using Partiko Android

You're welcome @solominer and thank you for your unfailing support, really appreciated!

So much for the softfork... 🤨 Who the heck are these new witnesses? I guess money talks.

It is an interesting view of things, but we will have to wait and see what comes out in the wash of meetings. I am just hoping after this is all said and done that people will re-look at the witness selection process, and the down vote process, and the removal of delegated steem to down vote only accounts.

That is a dramatic improvement in decentralization of governance indeed. If @justinsunsteemit is actually as supportive of decentralization of Steem as some of his remarks have indicated, it appears he can airdrop a great ways towards that achievement.


Kinda evens out the graph. Kinda.

But hey we will see. I'm just along for the ride and collecting votes! Love it!

Posted via | The City of Neoxian

More of an effect that I realized.
Arranged by percentile (20% in each bar) it would still look horrifying.

@tipu curate

Upvoted 👌 (Mana: 5/15 - need recharge?)

Damn imagine dolphins and orcas with all those mVests we could actually see some crazy distribution

Yes, this is very encouraging for smaller stakeholders!


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