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Change In Steem Distribution Levels 3/24/19...We Keep Growing by taskmaster4450

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· @taskmaster4450 ·
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Change In Steem Distribution Levels 3/24/19...We Keep Growing
Each week 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-3-17-19-we-keep-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.

![image.png](https://ipfs.busy.org/ipfs/QmcXbVuoTcKQH3Wjv6DVq47mAFqMP8EDq9pssNsC9aeUhx)

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.

![accts.png](https://ipfs.busy.org/ipfs/QmQ4uqekLcMy23HYcYGteGEhCKM2z151UG7NxvbP7Mg5Mh)

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.

<center>![image.png](https://ipfs.busy.org/ipfs/QmW8opEXq5w3pYCkSQp3QRK9wBN2bQ2fwfb7RgzS5yxk33)</center>

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.

<center>![accts.png](https://ipfs.busy.org/ipfs/QmPZwBo2gxWs9quDFGSWd8HCBoDrY914A36WvJQCokvkLL)</center>

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.

___
We saw an improvement over last week which was a big of a downer.  After a few weeks of steadily increasing growth, we saw a pullback.  This week returns us to form.

Every account say growth although the 1000 and 5000 SP classes lagged a bit.  It is nice to see 100 accounts get their first SP.  The big mover was the MInnows who almost doubled their growth from last week.  The fact that so many people are focusing upon creating them is having an impact.

As Steem celebrates its 3rd birthday, it is good to see us back on track with the growth rate of accounts getting Steem Power.

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

![image.png](https://ipfs.busy.org/ipfs/QmPvBkjBFuAKHQR7MacQ1679NryWNG5ZexgaPZdUmTo4so)


![image.png](https://ipfs.busy.org/ipfs/QmYRwbaYkV7kubaAqefvGi6kxW25EdzUdZRP8XWsRWXKTj)
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 90 others
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@partiko ·
Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!
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@preparedwombat · (edited)
So over a period of four months, during a time period when it’s still *relatively* easy to earn and/or buy Steem, only 189 accounts were added to the Dolphin+ categories.

I am however impressed by the numbers of people actively working to become minnows as seen by #tenkminnows and similar initiatives. All point to the growth of a strong middle class, key to the health of any community.
πŸ‘  
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@oldtimer ·
It's not unexpected. Like in real life. Poor and rich are builders and savers. The middle class is the spender and complainer.
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@fitinfun ·
I'm spending, but not complaining lol. If I can live off this money in a time of such low prices and grow my sp too, I feel very fortunate.
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@lordbutterfly ·
Hahaha. Well said. I consider myself a complainer. 
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@taskmaster4450 ·
The Dolphin category is slow...that is true.

Although even at these prices, 5000 SP is still about $2500...not an outrageous amount but still a lot of money for most people.

As much as I would love to see the Dolphin category growing at a faster pace, I think the Minnow class is more important.  If we can get that number up to 20K, that would really change the distribution of STEEM and of the reward pool each day.

It is going to take some time but it is possible.  Getting to 10K Minnows is the first step.
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@voiceofthwhrlwnd ·
Nice detailed breakdown - I agree that looking into levels of SP is much more telling than just the number of accounts.  I think you have come up with a rather good metric for evaluating how Steem is faring.  Thanks, and I look forward to next weeks :)
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@taskmaster4450 ·
$0.05
Thank you @voiceofthwhrlwnd.

I look at the trend and that is what I think is of value.  We are seeing more accounts at each level along with an increase in the percentage of accounts that move up to other levels.  Both are increasing which is very telling.

At some point, the number of accounts will outpace the move up to the higher levels meaning we should see a decrease in the percentages.  Thus far, we have not hit that point.
πŸ‘  
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