A Change In Steem Power (MVests) Distribution
Looking at the charts posted today by @arcange, I noticed a change in the distribution that I had not seen before.
When I joined Steem two years ago, the Whales and Orcas had over 90% of all the MVests.
A month or so ago, I noticed the total MVests these two categories had dropped to under 300K. This was a nice milestone and it is good to see that the total amount dropped even more.
Today, we reached something else that I find interesting. The two categories now account for less than 75% of the total MVests held.
https://steempeak.com/statistics/@arcange/steem-statistics-20190806-en
The total, as a percentage, is 74.97%.
This is what the chart looked like on the first month when I joined Steem.
Here is what the percentages looked like at that time.
Whales 75.44%
Orcas 14.86%
Dolphins 7.16%
Minnows 2.14%
Red Fish .01%
Inactive .40%
As you can see, the top two categories accounts for 90.32% of all the MVests held.
This amounts to a drop of 16.98%.
Over time, we are seeing the shift take place. It might be slow but it is happening. Little milestones like this keep popping up along the way.
We will see if it holds or if the percentage jumps above the 75% level in the next few days.
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After 23 moons, i reached the minnow level, so i do agree, on these, that steemians are progressing, inch by inch in terms of stake specially the redfish and minnows.
While steem price is dropping, it is still an opportunity to buy more we small fish.
Posted using Partiko iOS
It is the drop in price and my continued buying of STEEM that allowed me to move to a rather large fish (at least in part).
Each has to make their own decision but I do not feel that I will regret buying more STEEM long term.
The advantages and what is taking place is simply too great.
I am buying more steem as soon as coin base lets me sell some Bitcoin for steem...
Posted using Partiko Android
If it drops further, i will buy too.
Posted using Partiko iOS
Progress! Also about the STEEM price - it is dropping, yeah, but at the same time it seems it is being distributed to more people :)
I have yet to figure out who the drop in price actually favors.
I would think the smaller accounts could use it to power up and really make a difference in their stake yet that does not seem to be the case. I think it is the bigger accounts (large Dolphins and Orcas) that add when the price drops. People like Exyle keep buying on the way down while Planktons stand pat.
Perhaps I am mistaken on this but I think there is a serious opportunity being passed on by the smaller accounts. The next bull run will see the posts about how lucky many were to get into STEEM at x cents.
I have to say, the graph looks much better now.
Whales left by the bucketloads though...
Yes it is a marked improvement over two years ago.
Hopefully we see as big, if not a bigger shift, over the next couple years.
I believe as more activity takes place, ie more people, the reward pool will be spread out across more accounts. All those posts earning .05 SP will add up.
I thought minnows will be the most. So many whales and I'm yet go be friends with one 😢
Posted using Partiko Android
Well that comes with the crash of Steem price as the whales dump their holdings
It is wonderful to see we're developing a middle class. I have noticed more new users actually making an investment too. It's bittersweet to see so many essentially skipping redfish.
I will only get better from here and this has already reverted on some of the Tribes as well!
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