How Neds Delegated Power Is Used Part 4 - Steemit Business Analysis

in stats •  7 years ago 

Over a series of 3 previous articles I have looked at the voting habits of each of the 6 Steemain that received substantial amounts of delegated power from @ned.  We have analysed the voting habits 15 days before the delegation to 15 days after the delegation.

The lucky 6 are  @htliao, @linuslee0216, @nicolemoker, @surpassinggoogle, @sweetsssj and @tumutanzi

Today I am going to group all of these together into a summary report.

If you missed out on the previous analysis you can check them out here

https://steemit.com/stats/@paulag/how-neds-deglegated-power-is-used-part-1-steemit-business-analysis

https://steemit.com/stats/@paulag/how-neds-delegated-power-is-used-part-2-steemit-business-intelligence

https://steemit.com/steemit/@paulag/how-neds-delegated-power-is-used-part-3-steemit-business-intelligence

Before we get into the data I would like to give a big shout out to  @arcange  for his work and effort in keeping SteemSQL.  Without such awesome databases for me to work with, these analysis would not be possible.

High level Overview

Pre Delegation

Post Delegation

High level summary

It is clear to see from the charts above that the spread of rewards has increased considerably by these steemain since ned delegated power to them.  Let’s take a detailed look at the changes

   

Detailed Analysis

No of votes per day – pre delegation

  

No of Votes per day – post delegation 

 

$ value in votes per day – pre delegation

 

$ value in votes per day – post delegation

 

Total unique authors – pre delegation

Total unique authors – post delegation

Combined top paid authors – pre delegation

Combined top paid authors –post delegation

Network chart – pre delegation

Network chart – post delegation

    

A question was asked in the comments to one of the detailed analysis, ‘Is @ned a genius or mad?’

Post your comments below and let me know what you thing?

I am part of a Steemit Business Intelligence community.  We all post under the tag #BIsteemit

If you have an analysis you would like carried out on Steemit data, please do contact me or any of the #bisteemit team and we will do our best to help you...

Want to join #bisteemit :  https://sbcautoinvite.herokuapp.com

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  ·  7 years ago 

Thanks for the great post, as promised, here is the Chinese translation:
Ned 的代理SP是怎么被使用的 - Steemit 商业分析 Part 4

Nice analysis of the top Steemians. BTW how does @ned decide whom to delicate how much. I mean is there a certain criteria?

I mentioned you in my latest post....Also, how could we figure out how many Steemit accounts are bots?

https://steemit.com/steem/@stellabelle/did-you-know-you-are-mining-steem-with-your-mind

Thank you, have resteemed, wish I could put in a comment to my followers why I resteemed

This would be a nice feature.

When i re-steem i usually have a comment in the post i'm re-steeming as to why, but in the case of Stellas article, i'd be rather far down the list of comments!

These 4 blogs regarding Neds power delegation are excellent! Thank you :)

you are most welcome. Yes it would be nice to able able to write a comment on why I chose to resteem

This feature should be released with the next update :)

you are one of few people that go back this far on posts :-)

Good job Paula, very informative :)
You killed it with this one, congrats

thank you

Dang

I think the data speaks for itself. :)

Thank you so much for bringing this together, you are amazing. <3

you are most welcome @sammosk

There are two way to get rich: one by working and second by lottery (ned bingooo!! in this case).
It is proved that when someone win a lottery it take a trip spend in everything the was prohibited some days before. The other think that is interesting is the fact if the lucky Steemain didn't know that they get this amount of delegated power to be part of the study or them was told just take them and you are free to do what you want to do. And finally the scope of the study was to investigate the change of behavior when you are poor and when become rich or the behavior regarding the voting power in various groups.
If the case was to investigate that more voting power will increase the number of upvoting than the way of choosing the sample is not right one because their behavior is influenced in some way.
My intention is not to fight you so please take this as critique with good faith.

I think brilliance and insanity aren't too far apart, maybe a little bit of both for the steemit man

lol you may be right

This post received a 5% vote by @netuoso courtesy of @sammosk from the Minnow Support Project ( @minnowsupport ). Join us in Discord.

Be sure to go to https://steemit.com/~witnesses, scroll to the bottom of the page, and vote for @netuoso.

This post received a 5% vote by @minnowsupport courtesy of @sammosk from the Minnow Support Project ( @minnowsupport ). Join us in Discord.

Upvoting this comment will help support @minnowsupport.

So I guess the short of this is, they are doing a decent job of spreading the love around. :-)

to sum up, yep I would say so

I think if you look at the top votes, and dollar values, I'm not sure that you can actually say this...

This post has received a 1.04 % upvote from @drotto thanks to: @banjo.

This post has been resteemed by @minnowsupport courtesy of @sammosk from the Minnow Support Project ( @minnowsupport ). Join us in Discord.

Upvoting this comment will help support @minnowsupport.

Damn this is ,trouser rubbingly, statastic

Genius, no, mad, no - I think tending more responsible.

Those delegations need to be removed if Steemit is to shed it's image of nepotism and gain widespread acceptance.

why? I would not agree

Excelente. Gracias por la información :)

Would love some of that delegation. 500k is crazy :O

yea so would I, wouldn't it be just awesome!!!!!!!

Very awesome :O

It is good to see that with delegated SP, those who received it have been upvoting content form many more authors. I believe this was what @ned would be hoping for when he delegated his SP to those accounts. This is good news for Steemit as those authors receiving upvotes from the big accounts will be more likely to stay and tell others about Steemit too.

Thank you for this analysis, and sharing it with us.
You got an upvote & resteem from me.
Steem on beyond the moon, we've all got tickets...don't lose them! Good luck to us all.

This is all very good news for steemit

The network charts you provided at the end paint a very good picture of the information. Thank you!

Great analysis, thanks

They are not lucky, @ned only repay they hardwork. It's a dream come true for them.

This is fascinating! I love the cluster data graphs at the end.....I can see that it's more effective to delegate SP, as you cannot imagine what it was like in steemit before SP delegation....
what are your thoughts about this data?

I think the spread by using 6 steemains is much greater than what ned would have achieved on his own. Steemit offers a way to reward others, and if you hold all of this power, there is no way you could get through enough posts a day to spread the joy and rewards.

personally I also think that the self voting is acceptable, and also 'voting circles' as such(to an extent). think of it this way. I started steemit 2 months ago and met a number of people also starting at the same time. We have supported each other as minnows, as we grow to dolphins and whales should we no longer support each other for fear of been seen as a voting circle.

What is important is that when you grow (or receive a generous delegation) that you expand your reach and touch more people than before , and it is evident form the data that this is happening

  ·  7 years ago (edited)

I am interested in joining this steemit-based intelligence group, how. I want to register it .. how much the registration fee @paulag #BIsteemit .

there is no registration fee, we are an open community

How to list how

Upvoted and Resteemed by the Minnows Accelerator Project.

Read all the articles posted by MAP members.

Request to join the Minnows Accelerator Project.

Direction - Curation - Community - Promotion

Thank you for the information, I read all 4 post, and it was insightful.

Thanks for the data, I like posts that a fact based and like to see the data laid out.

  ·  7 years ago (edited)

I know that this will either be a hit or miss, but I think @ned is a genius because he would never have been able to make these many votes if he were on his own. I just am grateful we have these guys behind Steemit. Shout out to @surpassinggoogle , keep up the good work man!

What an interesting and informative analysis series! I really liked the combined top paid authors tables and the network analysis. The messages of your analysis that jumped out for me are:

  1. @surpassinggoogle is doing a great job of distributing upvotes across many authors. And the vast percentage of those authors are voted on only by @surpassinggoogle, meaning he is finding good content that would otherwise be missed by this group. He is adding unique value to the group effort.

  2. In contrast, @linuslee0216 is providing almost no added value to the group effort. Only a small fraction of their upvotes are unique. They are simply duplicating the effort of other members of the group. @nicolemoker's fraction of unique votes is only slightly higher.

  3. Each of the six members of this group are upvoting their own posts at levels that pay out much more that they are distributing to other individual authors -- with the exception of @sweetssj. There are two possible interpretations. One is that they think their posts really are that much better than any others they are finding to upvote. The other is that they consider their self-upvote payouts are a justifiable reward for their curation efforts -- above and beyond the standard curation rewards under the rules written into the Steemit code, that most everyone else curates under with their lower SP. Note that their high delegated SP already gives them higher curation rewards because folks with higher SP will get a higher fraction of the payout pool than others performing the same curation upvote with lower SP.

  4. Two of the curators are providing payouts to a small group of authors at levels much larger than the rest of those that they upvote. @sweetssj provided outsized payouts to @twinkledrop and @honeybee, while @tumutanzi provides high payouts to @tumutu and @hannahwu. Again, one interpretation is that the curators think the posts by these authors are much more deserving of rewards than anyone else they upvote (except themselves in the case of @tumutanzi). The other interpretation is that there's been lazy curating, where it's just quicker or easier to upvote some folks with 100% power, to maximize total payouts each day.

  5. Three of the curators are upvoting each other with payouts that are much larger than they give to most other authors (@htliao, @linuslee0216, and @nicolemoker). The interpretations are similar to options I've listed for #3 and #4, above.

As a tiny dolphin-sized "shareholder" of Steemit, here are my views:

A. While the group has commendably increased the overall payouts to many authors, they are also draining the payout pool with outsized payouts to themselves, a select group of friends, and/or to each other. Not everyone is doing every action, but each is doing at least one of these. Those outsized payouts reduce the influence of my limited SP, and the influence of everyone upvoting with less SP than these curators.

B. The outsized payouts by and to @nicolemoker and @linuslee0216 are especially troublesome, since such a small fraction of their upvotes go to unique authors. They upvote mostly the same authors as the other curators. If the goal of the delegated SP is really to recognize more authors, their impact/cost ratio is a lot smaller than the other 4 curators.

C. With regard to the self-upvotes and upvoting each other within the curation guild, I dislike seeing people get "bonus" rewards for curation alone, above the extra rewards that come from curating with large SP. Everyone else that's curating is doing the same thing, most without the large SP. It's been a recurring sore point for many folks over the past year.

Curation alone does not build community. Engagement, through comments, builds community and loyalty. @surpassinggoogle is great at it! In the interest of transparency and perceived fairness, rewards for the two kinds of activities should be kept separate.

I really appreciate all your effort to analyze what's going on in the Steemit blockchain! That was no small task, for sure!

Hi @paula

I mentioned this excellent set of blogs in my own blog today. Thank you.

thanks