Many people think that STEEM is nothing more than a ponzi scheme where the early entries get richer while everyone else gets poorer. Being reared in the bankster world, it is understandable how people believe this. However, I am here to tell you that this is not the case.
On STEEM, the rich do not get richer. As a percentage of the whole, those at the top are losing power. Their "control" is diminishing.
Last week, actually 6 days ago, I wrote a post that showed, using @arcange's numbers, exactly what took place over the last 90 days. True to the system, the Whales and Orcas did not have as much of the pie 6 days ago as they did 3 months before that.
Here is that post:
Well guess, what, the same thing continues to happen. I took at look at the numbers at the end of January and might make this a regular ritual.
Anyway, what took place in the last week minus 1?
As a refresher, here is what the chart looked like back in October:
Here is how it broke down on January 25, 2018:
The total MVests here is 392,754.
On a percentage basis:
Whales 65.24%
Orcas 16.82%
Dolphins 10.04%
Minnows 5.05%
Red Fish 1.21%
Inactive 1.62%
Here is what the chart looked like for the end of January 2018:
The total MVests here is 382,412.
On a percentage basis:
Whales 63.72%
Orcas 17.54%
Dolphins 10.55%
Minnows 5.21%
Red Fish 1.28%
Inactive 1.685%
The change over that time period is as such:
Whales -4.8%
Orcas +1.5%
Dolphins +2.3%
Minnows +.3%
Red Fish +2.6%
Inactive +1.3%
Let us take a look at the breakdown of users:
1/25/18
1/31/18
So what does this all tell us.
To start: THE SYSTEM IS WORKING AS IT IS DESIGNED!!!!
The rich are not getting richer. People who proclaim this simply need to look at the numbers.
On Jan 25th, the Whales and Orcas has 322,325 MVests; on January 31st, 310,778...a decrease of 3.58%.
Naturally, we can conclude that one whale is powering down which caused the large drop in the Whales MVests. At the same time, we see the Orca number increase by one, which is most likely said Whale. Nevertheless, the total MVests under their control dropped a significant amount for such a short period of time.
It is true this could be an aberration although it does align with what the numbers tell us occurred over a longer period, the last 90 days. Logic tells me as more people join this blockchain, the numbers will keep following this trend. More people from the lower levels will move up the rankings, hence increasing those categories. At the same time, as evidenced by the last two charts, a big jump in the number of Red Fish also meant an increase in the MVests (+2.6%).
The final thing that I wanted to mention is this number: 8571
That is the total number of people who are Minnow (around 500SP) or above.
My friends, that is called being an early adopter....
If you found this article informative, please give it an upvote and resteem.
To receive the free basic income tokens you are entitled to and help end world wide poverty, please click the following:
Pictures by Google Images