Thank God Its Friday! So, I am keeping my analysis short and terse.
Genesis of Idea:
In the comments of my post regarding Steemit's Churn rate; users @dune69, @igster and @bronevik were interested about the distribution of vesting power with @dune69 particularly mentioning about VP distribution being a replication of the world's economic distribution. You can find their comments in the link below:
@dbdecoy/steemit-churn-rate-and-engagement-level-an-analysis
The Method
I have based my chart upon their suggestions to check the how Vesting power is distributed in the network. The data for today's chart was easy to gather as it involved pinging only the Accounts table for data. I am not getting into the 'identify/exclude the bots' debacle in this post. Primarily, because even the bots are the part of the network and have created VESTS. I am going ahead with the established hierarchy of users based on VESTS. New users can find the classification below:
| Vesting Balance | Coinage |
|---|---|
| Above 1000 MVests | Whale |
| Above 100 MVests | Orca |
| Above 10 MVests | Dolphin |
| Above 1 MVest | Minnow |
| Below 1 MVest | Plankton |
The Charts
Without further ado, below is the chart on distribution of Vesting Power in correlation with the size of the user base:
To compare the chart with the world distribution of wealth by population, I referenced data from Credit Suisse's data card, below is the chart we get from this data:
Inferences
The only inference I can think of is that Whales, Orcas and Dolphins are first world citizens with 98% wealth among them. Planktons' data looks like Africa's data. Minnows look like developing nations. Planktons form 98% of the user base having 2% of Vesting Power. Steemit is truly an oligarchy by numbers and wealth as of now!
STEEM Power per user:
I did a quick calculation to find the average STEEM power each user will have in its group.
| Group | Average STEEM Power |
|---|---|
| Whale | 3025012.81 SP |
| Orca | 128020.1424 SP |
| Dolphin | 14546.8316 SP |
| Minnow | 1426.6212 SP |
| Plankton | 12.9227 SP |
| Full Group | 536.9342 SP |
Have a nice weekend!
####References :
World economic data sheet - http://publications.credit-suisse.com/tasks/render/file/index.cfm?fileid=AD6F2B43-B17B-345E-E20A1A254A3E24A5
Vest/SP calculator - http://www.steemdollar.com/vests.php
Data Source - http://www.steemsql.com
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