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Change In Steem Distribution Levels 6/23/19...We Keep On Growing by taskmaster4450

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· @taskmaster4450 ·
$3.33
Change In Steem Distribution Levels 6/23/19...We Keep On 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-6-9-19-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.

![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/QmfV8CmZtXNaYsYT8YuyHekhjVrmEr4jZT4KqAjPtWArqy)

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.

![accts.png](https://ipfs.busy.org/ipfs/QmZiLJ4s5a9yRcq3pRWTCVfstpzwebARh9odRaYU1rcDDn)

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.

___
*There are now over 266,000 accounts with at least 1 SP in them.  This is the starting point and it is good to see it growing steadily.*

*The 1 SP level was a little off from the previous week.  What is nice is the 10 and 100 SP levels both saw nice jumps.  The 5K SP level also saw a higher than average jump.*

*To me, the key is consistency.  We are seeing steady numbers each week.  In the months doing this, there were only a handful of negative in any category.  For the most part, the numbers get bigger.  This tells me more wallets are amassing SP while the amount in them grows.*


___
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)
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vote details (125)
@apshamilton ·
$0.23
Very interesting analysis. The daily rate of users progressing upwards is quite impressive.  Although we are a long way off mass adoption, it is still a big community and the infrastructure for attracting and managing more users is growing all the time. 

Posted using [Partiko iOS](https://partiko.app/referral/apshamilton)
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vote details (4)
@bitcoinflood ·
Pretty solid what I would love is a spot to see all the new people each day or week so we can welcome them, offer constructive feedback and support those who come in writing quality. I feel like that would be a huge benefit to getting people on to steemit and sticking with it. Being part of a group and feeling welcomed is a great way to build a following.
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@chesatochi ·
Would be great to add on your report the mark of 10000 Steem Power of even 15000. ;)
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@freddio ·
$0.04
any idea how the system can handle for example 100 Million accounts? I think it can be really hart at this time to own 1 Steem :D
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vote details (1)
@taskmaster4450 ·
$0.03
It depends upon the 100M accounts.

That would obviously spread out the distribution among a lot of accounts.  The question is what are those accounts doing?  Were they accounts people signed up for, played around a while, got a SP, and left.  If that is the case, then it is akin to SP that is null.  It is inactive.

If, however, those accounts are active, such as on other applications, then you will see a slow earning of SP and the reward pool really spread out.

This is why people such as myself, @exyle, and @preparedwombat mention how it will be harder in the future to earn STEEM via content creation.  

Just do the math...a 500K SP inflation per week divided by 50K active accounts or 500K SP inflation (it will be less as the rate falls each year) divided by 100M active accounts...

In the later scenario, you can see how hard it is to earn SP.
πŸ‘  
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@freddio ·
But can this accounts transact with the blockchain? without steem there have no rc?
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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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