Steem: Is the 'recovery_account' a guide to how engaged a new account is likely to be?

in utopian-io •  6 years ago 

This is an analysis which looks at the engagement level of accounts created through the various methods to try and assess which creation method shows the best/worst engagement, and why this might be the case.



Figure 1.


Repository

https://github.com/steemit/steem

Introduction

Engagement and retention of Steem accounts and users is a hot topic. Is it possible to glean any new insight into how likely a new account is to engage and interact, based on the creation method of this account?

Scope / Assumptions made

The accounts used in this analysis have been created between 5/01/2018 0:00 AM and 6/30/2018 11:59 PM - May and June 2018.

Engagement has been assessed in terms of:

  • Accounts that have Posted at least once
  • Accounts that have Commented at least once
  • Accounts that have given a positive vote (upvote) at least once
  • Accounts that have given a negative vote (downvote) at least once
  • Accounts that have voted for at least one Witness

Accounts have been grouped into the following creation 'routes', and the total accounts created via this route are included:

Recovery_accountTotalDescription
steemcreate44Steem account creation with a Credit Card
steem.apps72Korean account creation service
utopian.signup154utopian-io account creation service
cnsteem221Chinese account creation service
anonsteem1160Anonymous account creation service by @someguy123
blocktrades2985@blocktrades account creation service
steem91327steemit.com account creation
user_accounts1814steemconnect / steem.js account creation service

user_accounts: This group holds all the accounts not created using any of the other methods listed in the table - this are accounts created by existing accounts (or accounts that have later set their recovery_account as an existing account - see below).

From the 97777 accounts created in May and June 2018, 55 of these accounts have changed their 'recovery_account'.

The assumption has been made that this number is too small to have a noticeable impact on the results and so the figure has not been subtracted from 'user_accounts'.


General activity / engagement by recovery_account

The following table shows the number of accounts, grouped by recovery_account, that have made at least one of the actions listed in the top row.

Recovery Acc.AccountsPostedCommentedUpvoteDownvoteWit_Vote
user_accounts18147256051011179157
steemcreate4423202222
steem.apps7236374522
utopian.signup15424217757
cnsteem221133113127916
anonsteem11606064917218263
blocktrades2985194214721978278240
steem9132732240227234319130712759

As we can see, 'steem' is far an away the most popular Steem account creation method - and was used to create 93.4% of all new accounts in May and June 2018. 'blocktrades' is the 2nd most popular account creation route with just over 3%, and account creation via steemconnect (or steem.js routes) using an existing account is the 3rd most popular route (accounting for the 55 accounts in this data-set that had their recovery account changed).

Looking at these numbers in percentage terms may give more insight into which account creation route leads to the more engaged, or active account. The following table gives the percentage of accounts, created in May and June 2018, grouped by recovery_account, that took part in at least one of the 'engagement' activities.

The highest percentage in each engagement category is marked in green, and the lowest in red.



Before analyzing the the data presented above, I'd like to suggest the following which is of personal opinion only.

Accounts created via steemit.com ('steem') have the most potential to be 'new' people joining the Steem blockchain. This is due to steemit.com being the first gateway to the Steem blockchain, and being the most popular of the 'sites' listed above.

Both 'anonsteem' and 'blocktrades' account creations are likely to be used by existing account holders who have some knowledge of Steem, and cryptocurrency. The remaining account creation sources are also reasonably likely to be used by existing account holders.

With these assumptions in place, we can try to make sense of the percentages in the table above.

steem: The most popular account creation method contains some of the lowest engagement activity percentages, with just over one third of these accounts producing a top level post, and less than a quarter writing a single comment/reply. This account creation source also yields the lowest 'upvote' %, and a poor turnout with regards to witness voting.

utopian.signup: Less than one sixths of the accounts generated via this method have produced a single top level post or comment. This could be due to the fact that the utopian-io website is currently under redevelopment, and will come into play once the site is live. It's also possible that these accounts were created as a test of the account creation service put in place by utopian-io.

blocktrades: This account creation method shows up best as far as this engagement criteria goes. Almost two thirds of these accounts have created a top level post, with two thirds casting at least one upvote.


Summary

Averaging the percentages over each account creation method analysed, the following table can be produced:

The chart named 'Figure 1' at the top of this post is a reflection of the data within the table above.

We can see here that accounts created via 'blocktrades' show the highest engagement levels across the activities listed, whilst utopian.signup gives the lowest average, closely followed by 'steem'.

With reference to the personal opinions given in the previous section, the reason for the seemingly higher levels of engagement from account sources such as 'blocktrades' and 'anonsteem', could well be due to the existing/experienced user having a plan or purpose for a new account.

In the same respect, a new account generated via 'steem' (and perhaps a new person) may not arrive with a distinct goal for the account, and due to this then fail to perform any of the activities analysed. Another reason for the low percentages for a 'steem' created account, could be the turnaround time in account request to confirmation. If this time was reduced, would we see an improved set of numbers here?

In the future, it could well be the case that there are more account creation services, perhaps coming from existing or planned dapps, or via SMT sites. I would speculate that accounts created via these sources would produce relatively good engagement/activity figures due to the account holder potentially arriving with a clear purpose or goal for the account.

We shall see if both of these statements are true or not in time.

Is the 'recovery_account' a guide to how engaged a new account is likely to be?

Possibly, although not conclusive, the data does suggest that certain account creation sources are more engaged than others.


Tools and queries used to gather the data and produce the report

The charts used to present the data were produced using MS Excel.

The data is sourced from SteemSQL - A publicly available SQL database with the blockchain data held within.

The SQL queries to extract the data have been produced in LINQPAD 5 SQL Server Management Studio and are as follows:


-- 97777
select count(*) from accounts
where created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
and name not in (select Account_to_recover from TxAccountRecovers)

select recovery_account, count(recovery_account) from accounts
where created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by recovery_account
order by count(recovery_account) 

--'steemcreate'
--'steem.apps'
--'utopian.signup'
--'cnsteem'
--'anonsteem'
--'blocktrades'
--'steem'

--steemcreate   44
--steem.apps    72
--utopian.signup    154
--cnsteem   221
--anonsteem 1160
--blocktrades   2985
--steem 91327
--user_accounts 1814

select count(*) from accounts where recovery_account not in ('steemcreate',
'steem.apps',
'utopian.signup',
'cnsteem',
'anonsteem',
'blocktrades',
'steem')
and created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'

------------------------
-- POSTS

-- 725 of 1814 at least 1 post
select c.author, count(c.author) from comments c
inner join accounts a on c.author = a.name
where c.depth = 0 and
recovery_account not in ('steemcreate',
'steem.apps',
'utopian.signup',
'cnsteem',
'anonsteem',
'blocktrades',
'steem')
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by c.author

-- 23 of 44
select c.author, count(c.author) from comments c
inner join accounts a on c.author = a.name
where c.depth = 0 and
recovery_account = 'steemcreate'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by c.author

-- 36 of 72
select c.author, count(c.author) from comments c
inner join accounts a on c.author = a.name
where c.depth = 0 and
recovery_account = 'steem.apps'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by c.author

-- 24 of 154
select c.author, count(c.author) from comments c
inner join accounts a on c.author = a.name
where c.depth = 0 and
recovery_account = 'utopian.signup'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by c.author

-- 133 of 221
select c.author, count(c.author) from comments c
inner join accounts a on c.author = a.name
where c.depth = 0 and
recovery_account = 'cnsteem'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by c.author

-- 606 of 1160
select c.author, count(c.author) from comments c
inner join accounts a on c.author = a.name
where c.depth = 0 and
recovery_account = 'anonsteem'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by c.author

-- 1942 of 2985
select c.author, count(c.author) from comments c
inner join accounts a on c.author = a.name
where c.depth = 0 and
recovery_account = 'blocktrades'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by c.author

-- 32240 of 91327
select c.author, count(c.author) from comments c
inner join accounts a on c.author = a.name
where c.depth = 0 and
recovery_account = 'steem'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by c.author

---------------------------------------------

-- COMMENTS

-- 605 of 1814 at least 1 comment
select c.author, count(c.author) from comments c
inner join accounts a on c.author = a.name
where c.depth <> 0 and
recovery_account not in ('steemcreate',
'steem.apps',
'utopian.signup',
'cnsteem',
'anonsteem',
'blocktrades',
'steem')
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by c.author


-- 20 of 44
select c.author, count(c.author) from comments c
inner join accounts a on c.author = a.name
where c.depth <> 0 and
recovery_account = 'steemcreate'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by c.author

-- 37 of 72
select c.author, count(c.author) from comments c
inner join accounts a on c.author = a.name
where c.depth <> 0 and
recovery_account = 'steem.apps'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by c.author

-- 21 of 154
select c.author, count(c.author) from comments c
inner join accounts a on c.author = a.name
where c.depth <> 0 and
recovery_account = 'utopian.signup'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by c.author

-- 113 of 221
select c.author, count(c.author) from comments c
inner join accounts a on c.author = a.name
where c.depth <> 0 and
recovery_account = 'cnsteem'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by c.author

-- 491 of 1160
select c.author, count(c.author) from comments c
inner join accounts a on c.author = a.name
where c.depth <> 0 and
recovery_account = 'anonsteem'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by c.author

-- 1472 of 2985
select c.author, count(c.author) from comments c
inner join accounts a on c.author = a.name
where c.depth <> 0 and
recovery_account = 'blocktrades'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by c.author

-- 22723 of 91327
select c.author, count(c.author) from comments c
inner join accounts a on c.author = a.name
where c.depth <> 0 and
recovery_account = 'steem'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by c.author


------------------------------------

-- VOTES 

-- 1011 of 1814 at least 1 positive vote
select v.voter, count(v.voter) from txvotes v
inner join accounts a on v.voter = a.name
where v.weight > 0 and
recovery_account not in ('steemcreate',
'steem.apps',
'utopian.signup',
'cnsteem',
'anonsteem',
'blocktrades',
'steem')
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by v.voter

-- 22 of 44
select v.voter, count(v.voter) from txvotes v
inner join accounts a on v.voter = a.name
where v.weight > 0 and
recovery_account = 'steemcreate'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by v.voter

-- 45 of 72
select v.voter, count(v.voter) from txvotes v
inner join accounts a on v.voter = a.name
where v.weight > 0 and
recovery_account = 'steem.apps'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by v.voter

-- 77 of 154
select v.voter, count(v.voter) from txvotes v
inner join accounts a on v.voter = a.name
where v.weight > 0 and
recovery_account = 'utopian.signup'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by v.voter

-- 127 of 221
select v.voter, count(v.voter) from txvotes v
inner join accounts a on v.voter = a.name
where v.weight > 0 and
recovery_account = 'cnsteem'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by v.voter

-- 721 of 1160
select v.voter, count(v.voter) from txvotes v
inner join accounts a on v.voter = a.name
where v.weight > 0 and
recovery_account = 'anonsteem'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by v.voter

-- 1978 of 2985
select v.voter, count(v.voter) from txvotes v
inner join accounts a on v.voter = a.name
where v.weight > 0 and
recovery_account = 'blocktrades'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by v.voter

-- 43191 of 91327
select v.voter, count(v.voter) from txvotes v
inner join accounts a on v.voter = a.name
where v.weight > 0 and
recovery_account = 'steem'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by v.voter

----------------------------------

-- DOWN VOTES 

-- 179 of 1814 at least 1 down-vote
select v.voter, count(v.voter) from txvotes v
inner join accounts a on v.voter = a.name
where v.weight < 0 and
recovery_account not in ('steemcreate',
'steem.apps',
'utopian.signup',
'cnsteem',
'anonsteem',
'blocktrades',
'steem')
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by v.voter

-- 2 of 44
select v.voter, count(v.voter) from txvotes v
inner join accounts a on v.voter = a.name
where v.weight < 0 and
recovery_account = 'steemcreate'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by v.voter

-- 2 of 72
select v.voter, count(v.voter) from txvotes v
inner join accounts a on v.voter = a.name
where v.weight < 0 and
recovery_account = 'steem.apps'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by v.voter

-- 5 of 154
select v.voter, count(v.voter) from txvotes v
inner join accounts a on v.voter = a.name
where v.weight < 0 and
recovery_account = 'utopian.signup'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by v.voter

-- 9 of 221
select v.voter, count(v.voter) from txvotes v
inner join accounts a on v.voter = a.name
where v.weight < 0 and
recovery_account = 'cnsteem'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by v.voter

-- 82 of 1160
select v.voter, count(v.voter) from txvotes v
inner join accounts a on v.voter = a.name
where v.weight < 0 and
recovery_account = 'anonsteem'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by v.voter

-- 278 of 2985
select v.voter, count(v.voter) from txvotes v
inner join accounts a on v.voter = a.name
where v.weight < 0 and
recovery_account = 'blocktrades'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by v.voter

-- 3071 of 91327
select v.voter, count(v.voter) from txvotes v
inner join accounts a on v.voter = a.name
where v.weight < 0 and
recovery_account = 'steem'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'
group by v.voter

------------------------

-- WITNESS VOTES

-- 157 of 1814 at least 1 witness vote
select a.name from accounts a
where (a.proxy <> '' or a.witnesses_voted_for > 0)
and a.recovery_account not in ('steemcreate',
'steem.apps',
'utopian.signup',
'cnsteem',
'anonsteem',
'blocktrades',
'steem')
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'

-- 2 of 44
select a.name from accounts a
where (a.proxy <> '' or a.witnesses_voted_for > 0)
and a.recovery_account = 'steemcreate'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'

-- 2 of 72
select a.name from accounts a
where (a.proxy <> '' or a.witnesses_voted_for > 0)
and a.recovery_account = 'steem.apps'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'

-- 7 of 154
select a.name from accounts a
where (a.proxy <> '' or a.witnesses_voted_for > 0)
and a.recovery_account = 'utopian.signup'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'

-- of 221
select a.name from accounts a
where (a.proxy <> '' or a.witnesses_voted_for > 0)
and a.recovery_account = 'cnsteem'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'

-- 63 of 1160
select a.name from accounts a
where (a.proxy <> '' or a.witnesses_voted_for > 0)
and a.recovery_account = 'anonsteem'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'

-- 240 of 2985
select a.name from accounts a
where (a.proxy <> '' or a.witnesses_voted_for > 0)
and a.recovery_account = 'blocktrades'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'

-- 2759 of of 91327
select a.name from accounts a
where (a.proxy <> '' or a.witnesses_voted_for > 0)
and a.recovery_account = 'steem'
and a.created between '5/01/2018 0:00 AM' and '6/30/2018 11:59 PM'



This data was gathered during July and compiled on the 23rd July 2018 at 10 am (UCT)


Cheers

Asher

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Very interesting aspect, @abh12345! I never thought about that. I agree with the assumptions made. If users pay for an account, they are more likely to actually use it and the data seems to confirm this. Nevertheless, this business is strongly dominated by Steemit, so the relative numbers, esp. for the smaller account creators, have to be taken with a grain of salt I guess. Going through the list of account creation services in the post and the comments I realized that there were quite a couple that I didn't know of.

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Thanks @crokkon

As you know, the results of some analysis can be a bit under-whelming, and I feel it's partly true here.

However, there is a noticeable different in engagement (based on these metrics) between the 'free' steemit account creations and the paid routes. A plan for the account, or the simple fact it has been bought could well be the likely reasons.

@yabapmatt has suggested some additional work on how well these accounts are growing, and I suspect that it is again the purchased accounts (possibly fueled by a vote from an existing alt.) will win the day again.

Cheers!

This is super interesting...I never thought of looking at things from this perspective. I can't wait until other sites and services create more accounts (cumulatively) than Steemit, Inc. I think that will be a big turning point for the Steem platform.

I would be interested to see some financial-related information broken out by recovery account - average SP/STEEM/SBD holdings, and also just average total transactions on the blockchain of any kind.

Also, though the numbers will probably be small, I would love to see @steemmonsters included in the list of account creation services going forward! We're already up to about 30 accounts created in the past month and hoping to really ramp that up as we market the game outside of the steem community!

  ·  6 years ago (edited)

Thanks Matt!

Yes I agree, if an SMT or indeed your @steemmonsters ever begin to challenge Steemit on the account creation front then we will know good times are on there way.

I think the data-set is too old for @steemmonsters but I'll look out for this, and perhaps look at some account/transaction details next time too.

Cheers!

Sorry to cut in. Just reading Asher's comments, and I obviously ran across yours. First, awesome damn job on getting people to sign up! CONGRATULATIONS and thank you! And on a similar note, when can we play? 😁☺️😀

rather impresses with this analysis Asher. Interesting take. its been a while since I looked at that field in the database. I was not aware of the CN sign up. Any idea who runs that?

Cheers Paula!

Looking at the profile page cnsteen, skenan could be the owner.

I may have missed a creation route, but nothing stood out. FTG is in the top 5 accounts for the months analysed 😁

I was hoping for something a bit more conclusive, and look forward to seeing what other creation routes appear, and how well they do engagement/activity wise.

Hi Asher. Some interesting stats yet again. I came via the normal route of Steem. It took two weeks or so to get up and running from applying to actually getting the account. I had no idea of any other routes and don't know those time periods. I would surmise that people with multiple accounts have used the other routes. That is a reason why post payouts etc have reached a higher number than the normal route. They already know what they are doing. I could be wrong but that is my thought process.

Hi @cryptoandcoffee

The time periods from other routes can be counted in minutes - a much shorter time-lapse between interested / wanting to get going and actually being able to do so, then taking the 'standard route'.

I have the same reasoning behind the engagement, but it would be interesting to see the average post payouts relating to the various account sign-up routes.

Cheers!

That would be interesting to see as that should give you your answers.

I'll start with a question. I would like to know the recovery option for an account created using bloctrade or any other account creation routes that does not require email in the account creation process.

About the account created via Steem which is free, I have read through your assumptions and I'll say they are mostly in support to why these accounts are inactive. In addition, could the fact that these accounts were created for free contribute to the lazy attitude of the account owners? Maybe the fact that other routes require you made some payments might contribute to the activeness of these accounts.

Steem recently added the option for paid accounts creation. I'm thinking that when we have quite a number of users here that we can compete with some other social media platforms, Steem will likely removed the free account creation.

I have onboarded about 100 new users since I join in January, I have noticed that those I got to pay for the 10steem account creation seems to be more active than those I got to use the free Steem account creation method.

Hey

The recovery account for an account created via 'blocktrades' is blocktrades. You can do this via the website. Alternatively, you can change the recovery account (as has been done by 55 accounts in this dataset) to be an existing account.

In addition, could the fact that these accounts were created for free contribute to the lazy attitude of the account owners?

I would agree with that. Nothing lost, and nothing gained.

I'm thinking that when we have quite a number of users here that we can compete with some other social media platforms, Steem will likely remove the free account creation.

That's possible. It may not be liked by some, as not all can afford to 'pay to play', but i suspect it would put a good dent in the amount of spam/abusive accounts created.

... I have noticed that those I got to pay for the 10 steem account creation seems to be more active than those I got to use the free Steem account creation method.

Some data to back up your theory above, nice!

I don't understand everything you said in this one, but I got a lot of it. I do agree places like blocktrades are creating active accounts because people here go there to create quick easy alt accounts...for whatever reason each individual deems necessary. And if their active enough here to want a second account, they'll probably use it as much as a user primary one... Or more. In any case, thank you so much for pouring through the data and creating such a great analysis for everybody. I hope you had a wonderful weekend and that the beginning of this week is going good for you. I sent all of my love your way.

Hi @johndoer123

Thanks for visiting and checking out the analysis, I agree with your points regarding alt account usage.

Have yourself a great week!

Asher

  ·  6 years ago (edited)

This is very interesting.
I think most people are not interacting enough because they just don't care about the community, they are here to make a quick buck and peace out.

And by the way reading your post I realized I have only voted for 3 witnesses.
Do you have any witnesses to recommend that I should look at maybe ?
(I think best witnesses are people who try to improve steem community)
[I have @steemcommunity voted]

Yes I agree, and I suspect that most of these people come from the main account signup route.

Only 3? :P

I list the witnesses I've voted for here https://steemit.com/index/@abh12345/profile

and will update it when the option becomes available.

You could also proxy your votes via me or steemcommunity if you wish at the bottom of the witness voting page, cheers!

https://steemit.com/~witnesses

  ·  6 years ago (edited)

Wait what does this proxying via you do ?
I am not familiar with that system.
[Edit]
Ok I read about it and yes.
I will proxy my votes via you :)

Ahh thanks!

I've spent a good deal of time looking into 'community' witnesses, who share their vote, and have no ties to bots.

Hopefully that suits :)

Yeah that is fantastic :D

While it's probably too new to be useful in terms of evaluating retention, there's also QuickSteem created by @buildteam, which would be useful to have in future runs. I'm not sure who they set as recovery account.

I'd not heard of this, thanks for the information.

Interesting analysis and all. I don't know the tech-y end of this from a hole in the ground, but I do know some marketing.

Observation number 1: People who pay for something are more likely to use it than people who get something for free. That's automatically going to skew the "Steem" numbers low.

Observation number 2: The Steem numbers will also be lower because of the time frame. It often takes STINC several days to approve accounts. Most web users are used to immediate access. I wonder how many of the inactive "Steem" accounts are actually like "abandoned shopping carts," which are one of the scourges of web sales.

Observation number 3: Now that you've done this, it would be very interesting to run the same analysis again once HF.20 is up (immediate approval) and has been going for 60 days or so.

=^..^=

Fair points, thanks for making them.

I think (hope) immediate approval improves retention somewhat, but feel that Steem could do with help from us in the way it is marketed. The crazy dollar signs on trending perhaps giving false hope to the majority of new arrivals.

Cheers!

The crazy dollar signs are definitely a problem; so is the excess focus on Steemit ONLY as "a money making place." Marketing 101: "You get EXACTLY what you ask for!"

What do people "ask" for, when they recommend Steemit to friends?

"Come to Steemit and make money!"

What do we GET? Exactly what we asked for: People's whose primary reason for being here is "make money."

"Steemit is a new kind of social peer curated content site for ALL kinds of content creators, free of invasive advertising, data mining and censorship! Content of value is rewarded through the peer curation process."

Sounds like two completely different web sites, no?

"But far more people will respond to the first one!"

Yes, but WHICH people? Are they the people who will help Steemit grow and thrive in the long run? Not likely... "money grabbers" have a notoriously short attention span and almost no loyalty.

"Yes, but Steem/Steemit needs INVESTORS!"

Misnomer. Of course we need investors. Investors, not speculators who are only looking for immediate income. We need investors who go to an exchange and buy 500,000 Steem with the objective (mostly) of holding it till their investment doubles. Or quadruples. And maybe decide they are going to develop some really cool app on the Steem blockchain, as part of their investment.

Again, marketing to the "wrong" crowd; the wrong kind of investor who's not an investor at all. If you look at most start-ups, the "speculators" bail for more volatile shores the moment actual investors come in and focus on actually building a concept.

Sorry, got a bit carried away there!

=^..^=

Hey, I agree on 1 and 2! Could you give a bit more context on 3:

[...]it would be very interesting to run the same analysis again once HF.20 is up (immediate approval) [...]

I didn't follow HF20 developments very closely. I know there will be a discounted account creation option, basically removing account creations with delegation and making regular account creation "cheaper". How does that affect signups via steemit.com? Why would they / how will they approve new accounts immediately?

Always impressed with your analytical abilities lol. I have a question sort of related but not really.

It's more about investors than retention (but I think maybe more investors would be better for the platform which would ultimately equal more retention).

How can you calculate how much your vote would be worth?

Not how much it IS worth. But like, say, if someone wanted to invest their own $ into steem and then power up. And they were trying to decide how much to invest based on the kinds of returns they would get.

So like, if you had 20k SP your vote would be worth X or if you had 5k SP then your vote would be worth X?

Does that make any sense?

How can you calculate something so you have a goal to work towards?

Thanks for visiting!

I think this tool does what you are asking: https://www.steemnow.com/upvotecalc.html

Enter the SP and the weight of vote and away you go 😁

Excellent article. I really liked it. Thank you for doing STEEM - better. Good luck to you and Love.

Отличная статья. Мне очень понравилось. Спасибо, что делаете STEEM – лучше. Удачи Вам и Любви

Thank you very much @cranium!

Account value is missing.

Out of scope this time 😁

Its really a informative post for all of us….thanks for sharing

Your post includes rich information

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