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RE: An Idiot's Guide To Committing Mass-Steemicide

in #steemit7 years ago

Recent analysis of the blockchain by one of the witness (forget who off hand) indicated that the disparity is lessening between top and bottom ends of the fish tank.

Interesting fact. Illigal ATM withdrawls in Singapore average about $2.3 Billion USD a month! People don't stop using their ATMs because of a greedy few. ;)

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If it's the one I'm thinking of then it was deeply flawed - i.e.: yes the total SP of minnows has risen, but the per capita SP of minnows has not, and the rise in total SP for that class of accounts was due to the fact that there are 100,000 more of them than there were a year ago. It also failed to explain why we went from 42 to 36 whales, because if they were powering down enough to move in to orca, that would mean something.

Will try to track that analysis down again for a more detailed review. Thanks for your insights.

This will probably be perceived as arrogant, but I really don't even have to do any math, or any investigating to know this to be false. With the amount of vote selling going on, it's simply not even a possibility that the distribution is leveling. Whichever witness wrote that, is most likely cherry picking stats, or perhaps simply overlooking other variables. For example, more accounts does not mean more Steemit users. Many of these early adopters have a great deal of accounts, some have openly admitted to having thousands. So, one cannot be sure that the small accounts which are getting more STEEM, are not simply swiss bank accounts of long time abusers.

This will probably be perceived as arrogant, but ....

Not by me. Statistics can certainly be easily fudged, even unintentionally.

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