You are viewing a single comment's thread from:
RE: Retention Rates On Steemit - Steemit Business Intelligence
It's a little disappointing. Not sure if this relates to churn rates of the more traditional social media sites - those rates are in the 20-30% range. Is it totally related to the price of Steem/SBD? Or more related to posting and not getting the magic upvotes. 55% having never posted is crazy. Is that related to the delay in getting an account... sign-up and forget about it, never come back.
Interesting information @paulag, thanks for pulling it together.
When talking about the issue of account retention, never forget that a good portion of account creation goes to bots, which are either designed to never post and only vote (for money) or never vote and only post (content formed off the web or generated by Markov chain).
It's probably impossible to determine if any given account is a bot or not without specifically looking at their pattern of engagement, but we know they exist and they exist in numbers.
in massive numbers.....
If I was prone to scatological communication, and I am, I would say "in pant-shittingly massive numbers, far beyond the numbers of mortal ken."
But we can't know that for sure. We can just look at the behavior of these accounts and wonder.
Though it is a little comforting to think that at least most of the accounts which were created and have done nothing since might have been for bots that the author has forgotten about, which is good.
I have a very fuzzy prediction which I would be happy to discover was wrong, that the more activity around SMT and the upcoming hardfork in terms of PR and social push, the more accounts that we're going to see getting pushed to be created with the Steemit-delegated SP, purely to act as batteries to be used for something in the future, after the fork.
I would love to be proven wrong, but we'll see if reality catches up to me.
But here is the paradox.
We have lots of New accounts being created, but How much of them are from different person?
The system as It is make It profitable to have a circle vote of multiple accounts, and delegate the sp around these accounts.
At First the vp/sp stay the same, but since each circle vote would increase each account Power, this might grow exponetially...
I might be wrong though. I Just thought about this...
there will always be an element of scam. I do a new user report each month and one of the things I look at is the % of accounts that complete their about me section or add an external link to their profile. I use this to judge the quality of the users joining and it is the closet % to retention and a very good indicator of user quality
churn is the opposite to retention and a google search will give you the answers. Steemit is way off at the moment