How Engaged Are Steem Users in Voting for Witnesses?
That's what this monthly report is all about!
This month's engagement rate for accounts with 100,000 VESTS or more is:
28.61%
That's up 10.2% since last month, with a 26.1% increase in new accounts.
The percentage of VESTs actively voting is:
59.21%
If you're not sure what a witness vote is, or why it's important, please see my older post Steemit is Free, But Your Witness Vote Determines its Future.
Witnesses, within a Delegated Proof of Stake (DPOS) blockchain like STEEM, are very important because they protect the blockchain and add new blocks with validated transactions to it. Unlike Bitcoin or other Proof of Work (POW) blockchains, there is no concern with centralized mining farms controlling or forking the protocol into something the users don't want. With DPOS, the largest stake holders get to pick who controls the protocol and those stake holders can change the witnesses at any time by changing their witness votes. For a detailed explanation of DPOS, see DPOS Consensus Algorithm - The Missing White Paper. You can also see this post of mine for why I'm such a fan.
This report uses @arcange's STEEMSQL. You can now pay for access via https://steemsql.com/ for 1 SBD a day or 10 SBD for a month. Check it out and give him a Witness vote if you haven't already.
MV stands for Million VESTS.
VESTS are like vested shares in Steemit and relate to Steem by a ratio (486.871 Steem per MV as of this report).
VESTS impact the weight of your vote on posts and the influence of your vote for Steemit Witnesses.
Here's how I'm filtering the data:
All Accounts: No filter applied, includes all accounts.> 100,000: Accounts with 100,000 or more VESTS.> 0 Posts: Accounts which have posted at least once.> 100k & > 0 Posts: Accounts with 100,000 or more VESTS who have also posted at least once.Active: Accounts which have voted, commented, and posted a root post in the last 30 days.
The percentage values in parentheses show the change since last month's report.
The total VEST numbers listed below don't include accounts belonging to Steemit, the company, which are not currently participating in witness voting.
Overview
This shows the total number of accounts and VESTS.
| Filter | Accounts | % Accounts | VESTS | % VESTS |
|---|---|---|---|---|
| All Accounts | 774,302 (26.1%) | 100% | 228,080 (8%) | 100% |
| > 100,000 VESTS | 34,251 (8.4%) | 4.42% (-14.2%) | 222,995 (8%) | 97.77% (0%) |
| > 0 Posts | 360,032 (31.1%) | 46.5% (3.9%) | 143,140 (3.4%) | 62.76% (-4.8%) |
| > 100k & > 0 Posts | 24,842 (11.5%) | 3.21% (-11.6%) | 140,697 (3.2%) | 61.69% (-5%) |
| Active | 116,531 (42.1%) | 15.05% (12.7%) | 77,776 (-0.6%) | 34.88% (-8.5%) |
Voters
This shows the total number of accounts and VESTS which have voted for a witness or set a proxy.
| Filter | Accounts | % Accounts | VESTS | % VESTS |
|---|---|---|---|---|
| All Accounts | 35,050 (36.9%) | 4.53% (8.6%) | 135,042 (2%) | 59.21% (-6.2%) |
| > 100,000 VESTS | 9,799 (19.4%) | 28.61% (10.2%) | 134,688 (1.9%) | 60.4% (-6.3%) |
| > 0 Posts | 30,428 (42.5%) | 8.45% (8.8%) | 107,364 (2%) | 75.01% (-1.4%) |
| > 100k & > 0 Posts | 9,294 (20.8%) | 37.41% (8.3%) | 107,036 (1.9%) | 76.08% (-1.3%) |
| Active | 19,377 (51.9%) | 16.63% (6.9%) | 61,554 (-1%) | 79.14% (-0.4%) |
Voting For Inactive Witnesses
This shows the number of accounts which are currently voting for witness accounts in the top 100 there not currently active witnesses. This number should be 0.
| Filter | Accounts | % Accounts | VESTS | % VESTS |
|---|---|---|---|---|
| All Accounts | 6,143 (23.9%) | 17.53% (-9.5%) | 45,331 (18.6%) | 33.57% (20.2%) |
| > 100,000 VESTS | 1,871 (1.7%) | 19.09% (14.8%) | 45,267 (18.7%) | 33.61% (20.2%) |
| > 0 Posts | 5,840 (25.5%) | 19.19% (-12%) | 44,966 (18.5%) | 41.88% (20.1%) |
| > 100k & > 0 Posts | 1,838 (2.1%) | 19.78% (15.5%) | 44,905 (18.5%) | 41.95% (20.1%) |
| Active | 2,952 (41.9%) | 15.23% (-6.6%) | 25,212 (-20.4%) | 40.96% (-19.6%) |
These are the inactive witnesses in the top 100 as of this report, but keep in mind some of them may only be temporarily inactive:
witness.svk
complexring
theprophet0
roadscape
datasecuritynode
bitcoiner
bacchist
arhag
cyrano.witness
bayareacoins
agoric.systems
tdv.witness
steem-id
Have You Voted for a Witness?
If you haven't voted yet, please consider setting @lukestokes as your proxy voter. Otherwise, go vote for some Steemit Witnesses you respect who you believe will do what's in the best interest of the network. I hope that includes my witness, @lukestokes.mhth. If you're not sure who to vote for, take a look at some witnesses you respect and see who they are voting for via their account on steemd.com or steemdb.com. Some witnesses are very active behind the scenes supporting important projects, but not as active as bloggers, so keep that in mind when you vote. This should not be a popularity contest favoring those who are the best communicators (though communication as a witness is certainly important). It's meant to put in place the best people to support the STEEM blockchain. That includes multiple dimensions from technical expertise to economic theory to community building.
For more on what witnesses are doing each week, follow @timcliff's weekly Reports from the Witnesses post.
Again, if you're not sure what a witness vote is, or why it's important, please see my older post Steemit is Free, But Your Witness Vote Determines its Future.
Thank you! I hope you found this useful.
Previous Reports:
- 2018-01-18
- 2017-12-21
- 2017-11-15
- 2017-10-18
- 2017-09-20
- 2017-09-13
- 2017-09-06
- 2017-08-30
- 2017-08-24
- 2017-08-16
- 2017-08-08
- 2017-08-01
