Steem Power distribution trends - Steemit is becoming more democratic, diverse and equal! A detailed analysis.

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Steem Power distribution trends - Steemit is becoming more democratic, diverse and equal! A detailed analysis.
1 day ago by liberosist in steemit
This post has been two weeks in the making. It'll be long, apologies for that, but kindly bear with me - there's some interesting observations here!

There has been considerable speculation about the inequality on Steem. It has caused a lot of anguish to some, while most have understood that this is a known effect, if not a central tenet, of the stake-weighted reputation system.

The controversy - Is Steem increasing inequality?

Since joining Steemit, I've been meaning to get down to the bottom of it. Sure, the system will not work if everyone has the same vote - it'll always in inequal, just like every economic system in the history of the world has always been. But at its onset, Steemit had a startling GINI co-efficient of 0.98. The (unfair) accusation lobbied by some was that Steemit will just get more and more inequal to the point where all the power will lie with just a few people. I was concerned too

For the last two weeks, I have been diligently tracking data from Steemd.com. Across 200 data points, I have now compiled it into one single stacked chart that definitively answers that question.

It's a resounding NO. The numbers speak the truth - I'll let the chart speak for itself. Steemit is getting more equal! It's a massive and rapid redistribution of wealth, in just 2 weeks.