Change In Steem Distribution Levels 8/18/19...We Keep On GrowingsteemCreated with Sketch.

in steemleo •  28 days ago 

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.

https://busy.org/@taskmaster4450/change-in-steem-distribution-levels-8-4-19-we-keep-on-growing

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.

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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 couple weeks ago to today along with the number from when I first started this.

accts.png

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.

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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.

accts.png

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.


Another fairly consistent week. We are starting to see a lot of these. It would be great to see a breakout to the upside in terms of the pace of growth but at least we are holding steady.

The numbers didn't shift much as pertaining to the growth rate. The 100 SP level saw a better than average jump this week while the 5,000 level was higher than usual. These are both good signs.

Overall, I like that we are consistent. The tendency is to look at these rates and laugh. That said, I think we have to look at it in the context of being on blockchain where growth rates are slower than the centralized counterparts.

Plus, I do not believe we can overlook the onboarding issue. Steemit Inc is still the top producers of accounts and their approval process is still very slow.


If you found this article informative, please give an upvote and resteem.

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I’m apart of the 0.84% now then, just reached dolphin status the other day 🙈🙏🏼🚀

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Congratulations on that @conradsuperb. It is a terrific accomplishment and shows what is possible.

I am always uplifted seeing people grow their accounts and reach higher levels. This is why I keep track of these numbers; it is exciting to what the distribution spread out over time.

Now you are on the path to the next level of 10K SP.

This is great longitudinal information. The easier we make the onboarding process and the more streams we have people coming in from the better. That being said, we need them to stick around, these charts are good indicators of what is truly happening

Not sure is this a good or a bad thing

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With Minnow status costing less than $100, it would be surprising not see these figures improving. Even the opportunity to earn is better at this point as we are getting more Steem and Steem Power for rewards these days!

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