Very interesting indeed! I would also have expected things to be more static.
It'd be inteteresting to add in a further layer about how often new people enter the top 20. Or something on how often there's change of the top 20 rather than change within.
Thanks for your comment and the resteem! The set of accounts within a certain rank range, or how often this set changes, is a good point! This is partly already available from the graph with the witness rankings. Take any rank limit and count how many lines go in or out of this rank range in the graph. Changes on these sets are clearly on a slower time scale.
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Intuitively, there seems to have been more fluctuations than usual after the plunge in STEEM prices.
In my memory, there is usually a change between 17th and 22nd, and sometimes one or two TOP witnesses seem to change.
Other big fluctuations seem to be rare. The long-term influence of top-witnesses, the strong influence of freedom and blocktrades accounts seems to be the main reason, and mutual voting among top-witnesses seems to work partly.
Stability of witness status is an important factor in job performance, but since their term is not fixed, more active ranking changes seem desirable.
Very interesting indeed! I would also have expected things to be more static.
It'd be inteteresting to add in a further layer about how often new people enter the top 20. Or something on how often there's change of the top 20 rather than change within.
Great analysis as always!
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Thanks for your comment and the resteem! The set of accounts within a certain rank range, or how often this set changes, is a good point! This is partly already available from the graph with the witness rankings. Take any rank limit and count how many lines go in or out of this rank range in the graph. Changes on these sets are clearly on a slower time scale.
OK cheers...I'll have a closer look when I'm on my top... my phone's not the best thing for viewing images on (combined with my eyes at least!).
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Very interesting content. Thank you.
Intuitively, there seems to have been more fluctuations than usual after the plunge in STEEM prices.
In my memory, there is usually a change between 17th and 22nd, and sometimes one or two TOP witnesses seem to change.
Other big fluctuations seem to be rare. The long-term influence of top-witnesses, the strong influence of freedom and blocktrades accounts seems to be the main reason, and mutual voting among top-witnesses seems to work partly.
Stability of witness status is an important factor in job performance, but since their term is not fixed, more active ranking changes seem desirable.