After 6 weeks monitoring the Top 100 Accounts Control of Steem Power, I thought I would summarise my finding in a short post.
Data Origins: Week 8 / Week7 / Week 6 / Week 5 / Week 4 / Week 3
For those who follow my Weekly Statistics Post, you will have already seen these data points generated over the past 6 Weeks, however it is always useful to see the progression, so we can add a level of certainty to what will happen moving forward…
% Change in Steem Power Control - Top 100 Accounts:
I will be providing 2 data points. The @steemit account, control by @dan and @ned (call it the Steemit Development Account) currently controls 49.94% of Steem Power (223,191MV/446,913MV). This account is designed to fund the development of the Steem Blockchain moving forward, and thus, is designed to be redistributed over time. This account is in Power Down mode, to provide liquidity for funding various developments, and support the Steem Economic System.
Because of this fact, I calculate the Top 100 Accounts Control of Steem Power twice to both include this account, and discount it...
% Weekly Change in Top 100 Accounts Control of Steem Power (including @steemit account):
Week 1: -0.35%
Week 2: -0.36%
Week 3: -0.53%
Week 4: -0.26%
Week 5: -0.33%
Week 6: -0.35%
Top 100 Accounts Control of Steem Power:
Week 1: 90.09%
Week 6: 87.91%
Change: -2.18%
% Weekly Change in Top 100 Accounts Control of Steem Power (excluding @steemit account):
Week 1: -0.52%
Week 2: -0.56%
Week 3: -0.77%
Week 4: -0.37%
Week 5: -0.48%
Week 6: -0.50%
Top 100 Accounts Control of Steem Power:
Week 1: 78.84%
Week 6: 75.64%
Change: -3.20%
Summary
Over the last 6 Weeks, we have seen a consistent re-distribution of Steem Power away from the Top 100 accounts. Depending on which calculation you prefer, it is happening at a rate of around 0.35% or 0.50% per week. There are a number of factors which will affect the % level of re-distribution moving forward, however from the independent calculation I have made, I can say with a reasonable level of certainty that distribution away from the top 100 accounts will continue moving forward.
This rate will slow down if large Steem Power Holders stop powering down. This will begin to occur when the % of Steem Power to Total Steem hits 90% (or falls below that threshold). More information on this can be found here. We are currently at (154,045,738SP/163,567,765 Total Steem Supply) 94.17% and falling.
If you would like to read a more detailed explanation of why top Steem Power holders are losing control, check out one of my previous post…