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RE: Steemit Churn Rate and Engagement level - An analysis
I think that perhaps the unequal distribution of voting powers is the single biggest hurdle, which is probably also the one which is most difficult to overcome.
I would love it if you could take it upon you to make a post about what it would mean if the steem was distributed equally amongst the current users. How much would the account balance be worth? How much would a vote be worth?
Sure I will do that. But first need to take a look at the inequality in the vest distribution. I will post about it soon.
Followed just to not miss that post of yours. Always love to see some data.
Thanks for the follow, hoping not to disappoint you in future 😅 Followed you back.
Don't worry. I'm sure you won't! Just keep doing you :)
😋
We are getting new apps and platforms that use underlying Steem technology which could help fix the first issue. Also communities are coming soon.
But the second issue is something that... is a big issue. I hope the situation gets better in year or two, if not there might be something wrong in the system itself.
Communities will help in increasing the engagement levels. Regarding the second issue - most of the whales/orcas were early adopters/steemit devs/witnesses who get rewards for their mining. So this hierarchy might not go away soon.
Here's a glimpse of the author rewards distribution just prior to HF19:
I am not a data scientist, and this chart was posted by @aggroed, who stated it came from @arcange. I have repeatedly requested more current data, in order to better ascertain the impact of HF19, to no avail.
I suspect the situation hasn't improved.
Yes, I think so. HF19 states that rewards are proportional to the stake, the distribution of stake is skewed in the first place!
I wonder if inequality of STEEM power matching inequalty of income and capital in real world.