Steemit Statistics Week 8

hisnameisolllie (68) in steem-stats • 8 years ago (edited)

This post is a weekly, evolving post, analysing Steem(it) by numbers and deducing trends of interest for this project moving forward. As always, I would also invite anyone with special knowledge of Steem(it) to provide analysis (who, what, how, why, witness updates...) of my findings, and I will add this information where relevant to this post. There has been some very valuable contribution to this post in the past 7 weeks which is much appreciated.

Past Weekly Post: Week 7 / Week 6 / Week 5 / Week 4 / Week 3 / Week 2 / Week 1

Steemit Statistics Highlights

% Steem Dollar to Steem Market Cap Continues to Exceed 2%:
In the 0.14.0 update announced by @steemitblog here a new Steem Dollar Stability mechanism was announced. This dictates that, if Steem Dollars exceed 2% of Steem Market Cap, Author rewards will be paid part in Steem and Steem Power, rather than all Steem Dollars and Steem Power. We have moved through this threshold substantially hitting 2.42% last week, and 2.58% this week. Due to some bug fixes, the Protocol changes will now be effective on 9/20/2016 at 3pm UTC, so expect to receive a % of Steem, rather than Steem Dollars for Author rewards from Tuesday onwards... We would require a ~30% rally in Steem Prices to revert back to the normal Steem Dollar rewards.
Liquid Steem Up, Steem Dollars Down (Week on Week):
Liquid Steem continues to increase in size jumping 12.68% this week, as the large Steem Power holders continue to power down (this reason is backed up by %Steem Power to Steem falling week on week, in ever edition of this post). Steem Dollars post their first weekly decline this week, suggesting an increase in Conversion activity, prompted by the low Steem Dollar price. We are currently hoovering around $0.83 per SBD, so I would not be surprised to this this happen again next week.. For more information on the the Steem Dollar Conversion trade, you can read my post here.
Active User Base Declines..
Active user base is back to roughly Week 6 levels, showing that last weeks gains were not the start of a longer term trend. I would suggest that these numbers have been reasonable unchanged for the past 4 weeks.
Top 100 and Top 10 Accounts Control of Steem Power Continues to Fall:
Whether you include @steemit account in your calculation (-0.35%) or not (-0.50%), the results are the same, another week on week fall in the Top 100 Steem(it) Accounts Control of Steem Power. This is also reflected in the Top 10 accounts control of Steem Power falling 0.95%. Steem Distribution is still ongoing, and I expect to this result recreated next week.
General Activity on Steemit roughly unchanged Week on Week:
Votes, Post and Replies all remain roughly flat week on week. This shows that activity wasn't affected by the small decline in active users this week.
28% increase in Traded Volume:
This is a positive note for Steem. Increased volume helps with distribution and more accurate price discovery. This in turn, is a metric that I would like to see increase moving forward.

Sources:
https://steemd.com
https://steemd.com/richlist
https://steemle.com/charts.php
https://steemit.com/market
https://poloniex.com/exchange#btc_steem
https://poloniex.com/exchange#usdt_btc
https://coinmarketcap.com/currencies/steem/
https://coinmarketcap.com/currencies/steem-dollars/

Would be interesting to hear your thoughts...

A Special thanks to @steemitguide for graphics provided to this post

steem-stats steemit steem steem-help

8 years ago by hisnameisolllie (68)

$139.08

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steevc (73) · 8 years ago

I'm still getting some comments and votes, but I'm not making much generally. Most comments earn nothing and a lot of posts do the same. I didn't expect instant riches, but with the following I have I might have hoped for better. Perhaps the update next week will make a difference

$1.92

4 votes

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thedashguy (64) · 8 years ago

You need to create a following as you would if this were a youtube channel. Not everyone wants to read everyones stuff sadly. Find people that do!

$0.04

2 votes

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steevc (73) · 8 years ago

Yeah, I keep engaging to try and build a following. Got 128 now, but many may be inactive. Steemit is still relatively small.

$0.00

1 vote

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xanoxt (61) · 8 years ago

Out of ~125 followers my posts currently get around 25-30 upvotes (and usually around $0.10). I either need to make the posts better, or increase the number of followers at to at least 400-500. Hopefully in the next half a year that might happen. :-D

$0.00

1 vote

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steevc (73) · 8 years ago

I'm lucky to get 20 votes with similar followers. You must have a few good ones to be making something. But it's still early days. When the next million join Steemit we will be well placed.

$0.00

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xanoxt (61) · 8 years ago (edited)

When the next million join Steemit we will be well placed.

This is ponzi mentality. ;) But I do hope, that by the time next million will join, my skills and networking would help to be well placed. I also do hope, there will be a possiblity for those million(s) of nee users to get to that level and even overtake me, relatively quickly. That would mean that the system is working and all the people that like to cry "ponzi!" are wrong. :-)

And thanks. I think I still have a ways to go. Currently I make more stable momey by translating for @rusteemitblog. But I also provide the community service by translating for 10% of SBD payout, and since for a lot of people that is close to 0, it means I am mostly working for free. I do hope thar changes, or I'll have to stop/modify my pricing model. 8)

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steevc (73) · 8 years ago

Not sure it counts as 'ponzi', but early adopters on this sort of site get some benefit if the price is low when we join. New users don't have to pay in anything if they don't want to. I assume the amount of SP allocated each day is constant and it will be spread thinner when there are more users.

I'm optimist for Steemit, but it has some challenges.

$0.00

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snowmen88 (43) · 8 years ago

This type of transparency in the community is really cool. I just joined the network and it's really cool to see Steem Statistics as well as the acknowledgement on things going both positive and where there is room for improvement. This is a great way to build an effective community! I'm excited to be a part of this.

$0.15

4 votes

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hisnameisolllie (68) · 8 years ago

Welcome @snowmen88. I'm glad you have noticed Steemit's other Unique Selling Points. I look forward to seeing your contribution to the community :)

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themagus (68) · 8 years ago

Thanks @hisnameisolllie.... Very informative as usual. The Protocol changes effective date is incorrect though.... Can I assume it is the twelth month?

$0.08

1 vote

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hisnameisolllie (68) · 8 years ago

Thanks for pointing this out. It's on this Tuesday. EDIT has been made.

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thedashguy (64) · 8 years ago

Totally following you great post! keep these up please!

$0.04

1 vote

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lukestokes (75) · 8 years ago

If Steemit had a reshare option, I'd probably reshare this one. Great data, great stats. Thank you.

$0.03

1 vote

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good-karma (76) · 8 years ago (edited)

btw, Luke, it is coming... :-) Great work on data indeed, thanks @hisnameisolllie!

$0.12

2 votes

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lukestokes (75) · 8 years ago

Nice. :) That'll be interesting. I feel like I miss a lot of great content, even as a fairly active user. I'm looking forward to this. I hope it's done in an innovative way.